Office is a disaster. Just look at the headlines, listen to the people recite the numbers. As Moody's Analytics CRE said in a new analysis by Matt Reidy and Kevin Fagan, "A common prediction we hear among the most pessimistic market prognosticators is that office property values could see a peak-to-trough decline of up to 40%."
But, as they add, it takes "a lot" for an office platform to lose 40% of its value, and that's also completely different from anyone saying that office overall would lose 40% of its value.
The argument is a progression of percentages: how far have things fallen, how much more would it have to go, and how likely is that?
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