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kleinbl00  ·  265 days ago  ·  link  ·    ·  parent  ·  post: The Brutal Reality of Plunging Office Values Is Here

I dunno. There's a bunch of shit out there that hasn't moved in 20-30 years. I'm looking at a property right now where the owner has been trying to offload it for 4 years now but they've decided they're not coming back from overseas so they dropped their ask 30%. They're at full gravy on whatever they can get and general consensus is rates aren't coming back down for 18 months. If you wanna do something else you gotta blink.

I'm told that one (1) commercial sale happened in Bellevue last quarter.

And then you got shit like this.