Office markets under pressure as coronavirus squeezes cities

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The markets for urban office and other commercial real estate in major cities are experiencing their worst time in decades, disrupted by the pandemic, changes in workplace behavior and struggling urban economies.

Tourism in most cities has slowed to a trickle, business travel and meetings have all but dried up, and retail sales have plummeted as buyers stay at home. Protests against police brutality and systemic racism have also prompted nervous storefront owners to keep their properties closed. Cities from Chicago to Houston have suffered …

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