The remote work trend is having a devastating impact on the value of office buildings, particularly in large urban centers. As businesses trim costs and employees increasingly demand work from home positions, the need for office spaces have declined. The deals in this video represent some of the largest value declines.... but there are hundreds more like this scattered around the country.
Chapters:
0:00 - Intro
0:32 - AT&T Building - St Louis MO - 95% decline in value
1:20 - Burnett Plaza - Fort Worth TX - 91% decline in value
2:05 - 200 Public Square - Cleveland OH - 71% decline in value
2:41 - 995 Market Street - San Fransisco CA - 90% decline in value
3:14 - 300 East Lombard Street - Baltimore MD - 76% decline in value
3:52 - 7500 Old Georgetown Road - Bethesda MD - 78% decline in value
4:36 - 111 Market Street - San Jose CA - 77% decline in value
5:24 - 1101 Vermont Ave - Washington DC - 75% decline in value
6:17 - US Steel Tower - Pittsburgh PA - 35% decline in value
7:07 - Aon Center - Los Angeles CA - 45% decline in value
7:46 - Former Fedex Express Building - Green OH - 93% decline in value
8:35 - My totally non-expert opinion on where all this is headed