Sunday Mar 10, 2024
Remote Work Impacts US Banks, Bozeman’s Commercial Real Estate Thrives
The embrace of remote work in the US leads to empty offices and weighs on banks. However, Bozeman's commercial real estate market defies the nationwide trend with low vacancy rates. Also, downtown Tulsa shows signs of growth despite high office space availability. Plus, Chinese investors offload billions of dollars of US property. Explore the impact of remote work on banks and the thriving real estate markets in Bozeman and Tulsa, as well as the divestment trend by Chinese investors.
Sources:
https://timesofindia.indiatimes.com/business/international-business/us-embrace-of-remote-working-empties-offices-weighs-on-banks/articleshow/108361686.cms
https://nbcmontana.com/news/local/commercial-real-estate-in-bozeman-is-bright-spot-amid-nationwide-industry-woes
https://tulsaworld.com/news/local/business/at-least-1-5-million-square-feet-of-office-space-available-downtown-but-officials-bullish/article_8f94d550-d991-11ee-9ad0-af1431daa0bc.html
https://www.scmp.com/property/article/3254787/chinese-investors-offloaded-us317-billion-us-commercial-real-estate-over-last-five-years-driven
Outline:
(00:00:00) Introduction
(00:00:42) US embrace of remote working empties offices, weighs on banks
(00:03:22) Commercial real estate in Bozeman is bright spot amid nationwide industry woes
(00:05:42) At least 1.5 million square feet of office space available downtown, but officials bullish on future
(00:08:37) Chinese investors offloaded US$31.7 billion of US property over last five years