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The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says

The office market has seen values crushed in the last few years, and it is the one sector that never saw a rebound from the pandemic, Sternlicht said.

By: Business Insider

Feb 27 2024
2
259 Views

Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.PATRICK T. FALLON/AFP via Getty Images<… [+2123 chars]

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