Many in CRE have wondered when the office market would finally stabilize and calm. Probably not today, as vacancies have risen to 19.8%, up from 2023 Q4's 19.6%, according to Bloomberg.

Though that isn't as bad as it sounds.

"'The office stress isn't quite done yet,' Thomas LaSalvia, Moody's head of commercial real estate economics and an author of the report, said in an interview Tuesday. 'But, recent positive economic indicators are helping to prevent a perfect storm in the office sector,' he said."

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