High Vacancy Hybrid work has become a staple of the post-pandemic American workplace. Around 1 in 4 white-collar office employees are no longer, well, office employees. While this has been a welcome shift for many workers, it’s less great for the $20 trillion private commercial real estate industry. Fire Sale Last month, delinquencies on commercial…Read more
Money Migration Investors are bracing for a year with a lot of change on the docket. One thing potentially making markets more interesting are the trillions of dollars that could get reallocated from short-term investments to other parts of the markets. In the wake of the Federal Reserve’s interest rate hikes, investors embraced short-term investments,…Read more
The Economy’s Report Card Economists and analysts spent much of last year about the health of the American consumer. Could people keep spending in the face of high prices and keep the economy chugging along? For the most part, the answer was yes. But the new question is whether that might continue in 2024. Much…Read more
