WSJ: "In Chicago, These ‘Zombie Buildings’ are at the Heart of the Office Real Estate Meltdown"

How downtown Detroit went from an office space shortage to a glut

Before the pandemic, some feared Detroit was running out of office space. Today the talk is about canceling office projects and demoing buildings.

WSJ: "In Chicago, These ‘Zombie Buildings’ are at the Heart of the Office Real Estate Meltdown"

The ‘Zombie Buildings’ at the Heart of the Office Meltdown – Wall Street Journal

Five years after the start of the Covid-19 pandemic, U.S. cities are still struggling to avoid commercial real-estate doom loops that have claimed areas such as downtown St. Louis. Fights like the one involving the River North building’s creditors are making it much harder for communities to rebound.