tw0122
1 month ago
WHLR living off low float for now crash and burn later. Commercial Real Estate Market in shambles โฆ
Epic Office Glut Hits Records in San Francisco, Atlanta, Chicago, Los Angeles, Seattle, Washington DC. Dallas Availability Rate Dips to 30%, Houston rises to 29%
by Wolf Richter โข Oct 1, 2024 โข 27 Comments
The โwar for spaceโ before the pandemic unravels into the biggest office glut ever.
By Wolf Richter for WOLF STREET.
The glut of vacant offices on the market for lease, as depicted by availability rates, rose to new records in many major office markets in Q3, despite pronouncements by landlords that the office glut has bottomed out. The availability rate is the office space on the market for lease either by the landlord directly or by a tenant as a sublease, expressed as a percentage of the total office market.
Of the 15 office markets for which Savills released data today, these five had the biggest office gluts:
San Francisco: 36.6%
Atlanta: 30.6%
Dallas-Ft. Worth: 30.0%
Chicago: 29.4%
Houston: 29.0%
Of the 15 markets, 6 hit new records, and 1 matched its prior record:
San Francisco: 36.6%
Atlanta: 30.6%
Chicago: 29.4%
Los Angeles: 28.3%
Seattle: 28.2%
Silicon Valley: 27.6% matched prior record
Washington DC: 24.4%
Within a hair of their record were Dallas-Ft. Worth (30.0% v. 30.1% in Q1 and 29.8% in Q4 2023) and Philadelphia (25.2% in Q3 from 25.3% in Q1).
The chart shows the availability rates at three different points in time: red = Q3 2024; purple = Q1 2021; gray = Q1 2019.
https://wolfstreet.com/2024/10/01/epic-office-glut-hits-records-in-san-francisco-atlanta-chicago-los-angeles-seattle-washington-dc-dallas-availability-rate-dips-to-30-houston-rises-to-29/
Invest-in-America
1 month ago
WHLR: And praise-the-Lord, Dude, for your "GOD-DAMNED-MIRACLE"!!! (Heck, I myself PRAY every day to Lord Jesus!! See me below, right now!!!)
________________________________________________________________________
PS: I'm producing a film, "American Cars of 1908" --- tap link below for latest edition:
https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExOXVyb2N1NXVkejE5em04cDMyYnRvbDV2ejAzeHdsdmZzc2JxajQwZSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/f1NTdkdbG4XzW/giphy.gif
Nelson2
2 months ago
How can they do another R/S if minimum requirement by NASDAQ is 500k shares?
Share Statistics
Avg Vol (3 month) 3 1.41M
Avg Vol (10 day) 3 1.75M
Shares Outstanding 5 624.71k
Implied Shares Outstanding 6 624.71k
Float 8 160.33k
% Held by Insiders 1 0.03%
% Held by Institutions 1 20.01%
Shares Short (Sep 13, 2024) 4 157.57k
Short Ratio (Sep 13, 2024) 4 0.05
Short % of Float (Sep 13, 2024) 4 29.70%
Short % of Shares Outstanding (Sep 13, 2024) 4 25.22%
Shares Short (prior month Aug 15, 2024) 4 11.2k