American office delinquencies are shooting up
How worried should investors be?
American offices often break records. Tech firms mark their progress with ever more outlandish designs. Manhattan blocks vie to be the tallest. This year, though, a worse kind of record has been broken. Offices have hit a 20.1% vacancy rate, according to Moody’s, which is the highest since 1979, when the rating agency began to keep track.
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This article appeared in the Finance & economics section of the print edition under the headline “Long time coming”
Finance & economics September 7th 2024
- China is suffering from a crisis of confidence
- As stock prices fall, investors prepare for an autumn chill
- Will interest-rate cuts turbocharge oil prices?
- American office delinquencies are shooting up
- Has social media broken the stockmarket?
- America has a huge deficit. Which candidate would make it worse?
- Why Oasis fans should welcome price-gouging
From the September 7th 2024 edition
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