The trouble is that who will buy commercial real estate? You can't just convert a commercial building into apartments. There's a whole lot of red tape and utility modification etc to do. It can be done but it's not simple or easy.
I've always assumed this was a large driver of the "return to the office" trend that is starting.
I suspect the federal/state governments will buy the properties as they can always fill them with migrants.
NOI = Net operating income
Amortization = repayments on a set schedule
FI = Fucked Ifiknow??
The trouble is that who will buy commercial real estate? You can't just convert a commercial building into apartments. There's a whole lot of red tape and utility modification etc to do. It can be done but it's not simple or easy.
I've always assumed this was a large driver of the "return to the office" trend that is starting.
I suspect the federal/state governments will buy the properties as they can always fill them with migrants.
Financial Institution, I assume.