It's Not Just Commercial Landlords Fretting Over New High in Vacancies
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Cities around the world were ghost towns as the pandemic took hold. While the hustle and bustle has returned for the most part, don't look too closely inside the office buildings.
Office vacancy rates in major cities have risen to worrisome levels while investments into commercial real estate are in retreat. But there's more at stake than team-building exercises: Shifts like this can cause massive ripples into cities' tax bases, commuter and retail spending, and the health of financial lenders.
Source Fool.com
