PROPERTY PERCENTAGES
04/29/2024 |
The total value of American property, excluding farmland, is $66 trillion. Of that, 25% is commercial, and of that office space is probably $4 trillion. Between 2007 and 2009, US residential real estate lost a third of its value, which today would mean a decline of $16 trillion. Even if office values fall by half that would be just $2 trillion in losses, enough to be painful but not more.