Commercial
US Office Market to Experience Massive Distress, May Lead Owners To Convert Offices to Residential Housing
Office Vacancy Rates Could Rise to Enarly 25% by 2026: Report
Office Vacancy Rates in Atlanta and Florida Soar Past 30%
There were more than 600 commercial real estate foreclosures recorded in March alone. The commercial real estate market is now struggling under the weight of higher interest rates and the recent shift in remote work, with foreclosures increasing over 110% year-over-year. 
Squatters Take over Gordon Ramsay’s $16M London Pub
The squatters also threatened to sue anyone who attempts to remove them from the property. A group of squatters have taken over a pub in London belonging to celebrity chef Gordon Ramsay. Major Bay Area Grocery Stores Have Allegedly Been Overcharging Customers Since 2022
One of the grocery stores was found charging an extra dollar for Oreo cookies and instant coffee. Some major grocery stores in the Bay Area have allegedly been overcharging their customers since at least 2022. Manhattan Offices Now Emptier Than Ever, Vacancy Rate Soars to 18%: Report
The office vacancy rate was just 10% in March 2020 prior to the COVID-19 lockdowns. Offices in Manhattan are now emptier than ever, hitting a new record of over 18% vacancy in the first quarter of 2024, according to a report. Disneyland Resort Closes Doors to New Guests This Week
Both Disneyland Park and Disney California Adventure are at maximum capacity this week due to the spring break. New Driver-Owned Rideshare Cooperative to Launch in Minneapolis After Uber, Lyft Threatens To Leave
The Driver's Cooperative touts itself as the world's first driver-owned rideshare platform. Amazon To Slash Office Vacancies in Coming Years, Move Could Be a Blow to the Commercial Real Estate Market
Amazon's move could save the company $1.3 billion in annual operating expense. Amazon could be planning to reduce its office vacancies in the coming years, according to a new report. Some States See Alarming Rise in Office Vacancy Rates
The office vacancy rate in San Francisco, for instance, soared past 36%. Some states in the U. S. are now seeing an alarming increase in office vacancy rates, partly due to the ongoing shift towards hybrid and remote working. Mattel Set To Open a Second Theme Park in 2026 in Kansas
The theme park will feature attractions inspired by popular Mattel products, including Hot Wheels, Magic 8 Ball, and Barbie. Uber, Lyft To Leave Minneapolis Following New Minimum Wage Law
The new minimum wage ordinance would require rideshare companies to pay drivers the local minimum wage of $15.57 per hour.
