Office vacancies hit record 19.8%, up from 19.6% in Q4 2023; previously 8% in 2009.

Here is a look at delinquency’s.

Full disclosure 2009 was 8% delinquent. pic.twitter.com/ckwMsvdw0R

— Nathaniel Frank (@Nathaniel8Frank) April 19, 2024

This new record-high vacancy rate is 50 basis points "above the recessionary peaks recorded in 1986 and 1991," an analysis published by Moody's revealed.

Read more: t.co/f3HLlsWwT4

— unusual_whales (@unusual_whales) April 20, 2024