Moody’s Analytics has been conducting a series of analyses on commercial real estate and surrounding problems with varying degrees of focus on office. So, for example, moderate changes in cap rates and cash flows could cause big problems for the property class. And then the firm the percentage of buildings in major metros — 31% on average (with wide variations) — that are old enough to be considered at least borderline obsolete.

This week, Moody’s examined the question of commute times. “While many factors can affect the vacancy rates of metros, such as economic, employment, and population changes, we continue to hear chatter that firms are more reluctant to maintain/expand space in metros where employees have greater difficulty getting to the office,” they wrote.

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Erik Sherman



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