Q3 Overall Office Vacancy Rate
Atlanta 25.0%
Austin 27.1%
Charlotte 23.1%
Chicago 25.9%
Cincinnati 26.1%
Dallas 24.8%
Denver 27.1%
Fairfield County, CT 25.8%
Houston 24.6%
Jacksonville 20.6%
Los Angeles CBD 33.3%
Los Angeles non-CBD 21.8%
Memphis 20.1%
Milwaukee 23.2%
Minneapolis/St. Paul 27.0%
New York Downtown 21.0%
New York Midtown 17.0%
New York Midtown South 21.5%
Northern VA 23.6%
Oakland/East Bay CA 22.0%
Oklahoma City 28.1%
Phoenix 25.1%
Portland 23.9%
Puget Sound - Eastside 22.4%
Raleigh/Durham 21.5%
Salt Lake City 21.9%
San Francisco 29.3%
Seattle 32.6%
Suburban MD 22.3%
Washington DC 23.5%
Westchester County, NY 24.0%
-Cushman and Wakefield
#CommercialRealEstate
BREAKING 🚨: Housing Market
The largest mortgage lender in the United States, United Wholesale Mortgage, just fell to its lowest closing price in history and is on track for its 9th consecutive red month, its longest losing streak in history 📉 👀 😱
China’s debt interest costs are soaring above U.S. levels and growing faster than any other budget category as Beijing struggles to prop up growth https://t.co/WLZvCXMdWQ
Breaking: The Big Short is about to repeat itself
No one is paying attention to housing:
1. Rates have risen for 6 straight weeks
2. Mortgage applications fell 6% in a single week
3. Purchase applications are down 14% from a year ago
4. Refinance applications have fell 56% year over year
5. Serious delinquencies (90+ days past due) just rose for the first time in 5 months, up 19% year over year
Michael Burry stated "The AI narrative and the buildout is the only thing keeping this economy going"
Cities reliant on property tax for more than 40% of tax revenues.
Milwaukee 96%
Boston 92%
Minneapolis 76%
Miami 73%
Virginia Beach 70%
Dallas 70%
Charlotte 65%
Raleigh 64%
Baltimore 64%
Nashville 63%
Jacksonville 61%
Memphis 60%
Atlanta 60%
San Francisco 59%
Oakland 59%
Fort Worth 58%
Tampa 57%
Houston 56%
Austin 56%
Las Vegas 56%
El Paso 55%
Portland 55%
Baltimore 54%
San Jose 53%
San Antonio 52%
Omaha 52%
Indianapolis 51%
Los Angeles 49%
New York 47%
Arlington 46%
Chicago 44%
Seattle 44%
San Diego 43%
#CommercialRealEstate
https://t.co/ikbOIyK4pU