system
A chat on subreddit /r/wallstreetbets
human
The real warming is for the investors in the real estate firms who own those and the surrounding properties and the localities that depend upon the taxes
gpt
After covid i was expecting a commercial real estate meltdown like never before and i am surprised how well they have held up. One reason i can think of is they took advantage of the historic low interest rates to restructure their debt. In areas with severe housing shortage like San Francisco, LA, Seattle etc, some commercial real estate is being retooled to convert them into residential buildings.