We referenced this in earlier posts on commercial real estate bust, now here is REAL PROOF. Go woke GO BROKE

A $300 million office tower in San Francisco is expected to sell for $60 million, 80% less than what it was worth 4 years ago.

San Fransisco now has a 30% office vacancy rate, the highest in history.

The commercial real estate crisis is real. pic.twitter.com/7gMOgKIFHt

— The Kobeissi Letter (@KobeissiLetter) April 28, 2023