Progressive Corp. intends to list several of its office buildings across the United States for sale as it consolidates office buildings amid a changing work environment, a company spokesman said.
Tag: office buildings
Office Building Owners Are Losing Hope that Occupancy Rates Will Rebound Soon
Office building owners, hammered by falling demand and high interest rates, struggled in 2023. But they mostly managed to stay afloat. That is going to be a lot harder to do next year.
Office Building Owners Bracing for Drop in Property Valuation
Prices for some aging office towers have already dropped by a quarter as potential buyers struggle to secure financing at a time when interest rates are rising rapidly.