American office delinquencies are shooting up
How worried should investors be?
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American offices often break records. Tech firms mark their progress with ever more outlandish designs. Manhattan blocks vie to be the tallest. This year, though, a worse kind of record has been broken. Offices have hit a 20.1% vacancy rate, according to Moody’s, which is the highest since 1979, when the rating agency began to keep track.
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This article appeared in the Finance & economics section of the print edition under the headline “Long time coming”
Finance & economics September 7th 2024
- China is suffering from a crisis of confidence
- As stock prices fall, investors prepare for an autumn chill
- Will interest-rate cuts turbocharge oil prices?
- American office delinquencies are shooting up
- Has social media broken the stockmarket?
- America has a huge deficit. Which candidate would make it worse?
- Why Oasis fans should welcome price-gouging
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