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Recent falls in commercial real estate valuations have led some to worry about the industry’s future. These concerns hold special import in light of the remote work revolution that took place during the COVID-19 pandemic, which has caused a reevaluation of how workplaces and businesses use physical locations. To examine these questions more closely, UNC's Kenan Institute spoke to UNC Kenan-Flagler Business School Finance Professor Jacob Sagi, ....
A flashing warning light for builders and developers in the Triangle: Vacancy rates are at 15% - a level not seen since the "Great Recession. And developers also face "tepid growth for new office development" in a slowing economy afflicted by interest rates. So warn two commercial real estate firms in the Triangle. And a leading business recruiter says the traditionally strong Triangle will be "forced" to join other metro areas dealing with a downturn. ....