As valuations for office buildings across the country continue to decline, new assessment data from Boston shows the largest buildings collectively losing hundreds of millions of dollars in value.
A 2022 analysis by Cushman & Wakefield estimated that in the U.S., approximately 330 million square feet of office space could become functionally obsolete or stranded by 2030. This risk arises from ...
A downtown office building (600 B Street) was foreclosed and taken back by the lender. A nearby building (530 B Street) was sold with plans to turn it into apartments. And with the Civic Center ...