Odyssey Realty Partners - Tri County Real Estate Experts

Which one of my investors wants a property with a cap rate of over 14%. House is completely renovated seller is in a cash crunch. PM me for details.

🏡 Attention Future Home Buyers 🏡

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“First-Time Home Buyers: Your Guide to Making the Right Move” tips for buyers

Commercial real estate (CRE) has been in a free fall and office buildings are by far the worst.

Prior to the pandemic, office occupancy rates were well over 90% in the US.

Four years later, the latest data shows that they are hovering around 50% today.

The numbers show the average for a week where Wednesdays can be as high as 60%, and Mondays and Fridays as low as 30%.

The lowest office occupancy rate is in Philadelphia at 37%, and the highest is in Austin at 58%.

What will happen to these buildings ?

Source: The Kobeissi Letter