Risk
JOLTS Report Sends Stocks Tumbling, Prompting Visions of Another Fed Hike
Job openings surge for August is almost 1 million higher than expected.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.
But it’s still 9% behind its pre-pandemic level. Will this all translate into a rebirth for the office market?
If the health hazards are resolved, look for a reverse exodus. That’ll benefit battered office REITs.