JUST IN:
Another Washington DC office building has just sold at a massive ~75% discount to what it last sold for
The 175k sq ft tower at 1101 Vermont Ave sold for $16M
The building last sold for $60M in 2006
The assessment value in 2018 was $72M in 2018
Washington DC has been among the hardest hit office markets in the US with absolutely no rebound in sight
https://x.com/TripleNetInvest/status/1774421001570513239?s=20
....yes, Higher for Longer??
....something is truly wrong if we can get this while everything else at all time high.
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Its Over, page-20999
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