CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE
Will Springer Realtor
JULY 13, 2023
It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said. Many of them hold mortgages from commercial/office landlords who are struggling through low occupancy rates in urban zones (see story above). I refer to these challenges as the 5 L’s.
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