"An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. 中西部大城聖路易高級辦公室大樓 0.17折 跳樓大拍賣,小摩星大大一折論笑掉傻套大牙
Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them.
St. Louis' recent office vacancy rate is at a record high 22.3% 聖路易商辦空租率高達22.3%according to JLL.
A vacant office building in downtown St. Louis just sold for $3.6 million — a nearly 98% discount from its 2006 sales price 傻套沒擋頭,98% off含淚出清,刷CUBE再享94.87%傻多專屬優惠, signaling a concerning course for the Midwestern city's downtown area.
The former One AT&T Center, which at 44 stories is the third-tallest building in St. Louis, sold for $205 million in 2006 and recently sold for $3.6 million to the Goldman Group, a real-estate investment firm, according to CoStar News.
The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. The challenges facing it and other Midwestern hubs are perhaps graver than bigger downtowns that have been more widely depicted as abandoned or dying, like San Francisco's, according to economics and public-policy experts.
According to an April 10 report from commercial-real-estate brokerage JLL, total office vacancy in St. Louis reached a record-high 22.3% during the first quarter of 2024."
"In past years, the panorama before them would’ve been a high-rise testimony to the decades-long Boston construction boom that these developers, investors, and builders have helped nurture, a source of pride to the architects of a downtown golden goose that’s been key to the city’s economic renaissance and launched many personal fortunes. But on this winter day, the vista was pockmarked with signs of impending doom.
傻套筆記本,口袋一個比一個深 Just a half-mile away was 281 Franklin Street, worth $6.1 million in 2017, unloaded this past February for $3.8 million—a 38 percent falloff. Two blocks north, 186 Lincoln Street, with nine stories of office space, sold last fall for $11 million—a 47 percent drop from its $20.7 million 2015 purchase price. And to the north, at 125 Broad Street, sat one of downtown’s most extreme haircuts, bought for $14 million in 2018 and sold in December for $3.9 million—a 72 percent decrease. 最多只打28折,傻套表示欣慰,刷CUBE再享94.87%傻多VIP限時優惠,無限卡加碼9487哩無限萬里遊
It’s not just the Financial District that’s been racking up casualties of the Great Post-Pandemic Commercial Real Estate Crash. Down in the Bulfinch Triangle near TD Garden, an office building at 110 Canal Street recently changed hands for the second time in two years, with the seller swallowing a $6.1 million loss. And more than 34,000 square feet in the antique building at 33–41 West Street across from Boston Common, which fetched $16 million just eight years ago, sold last September for $4.1 million—a 74 percent markdown 喔,還有一個26折,小摩星大大一折夢碎more reminiscent of the old Filene’s Basement than Boston’s once-thriving downtown. According to investment-data provider MSCI, property sale prices in the central business district cratered in the fourth quarter of 2023 by more than 30 percent year over year, a decline steeper than any other city MSCI tracked, including Chicago, Manhattan, San Francisco, and Washington, DC."