It has been a while since we previewed one of our favorite resources from the lock down. A chance article, below, rekindled our attention. We have added more observations.
A San Francisco office building was worth $300 million before the pandemic. Now, it could sell for only $60 million — a perfect example of why downtowns are in trouble
Kastle Systems Analysis and Barometer
Publicly trade REIT – Real Estate Investment Trust – Actual Company withheld purposely (Public Venue) – Specializes in office space Assets
About a 75% drop in value. Not sure if the office headcount stays away, but certain office buildings are bearing the brunt!
Have a Great “Kastle Office Asset Analysis” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth