RCA in the News

Office Markets Under Pressure as Coronavirus Squeezes Cities

The Wall Street Journal / August 4th, 2020

The Wall Street Journal reports: Urban office markets and other commercial real estate in major cities are experiencing their worst stretch in decades, upended by the pandemic, changes in work behavior and struggling city economies.

Tourism in most cities has slowed to a trickle, business travel and meetings have all but dried up, and retail sales have plummeted as shoppers stay home. Protests against police brutality and systemic racism have also caused nervous storefront owners to keep their properties boarded up.

View the full article on The Wall Street Journal: Office Markets Under Pressure as Coronavirus Squeezes Cities