Not Feelin’ Alright! National Office Vacancy Rose To 19.6% In Q4 (Credit Card Delinquencies Near All-time High!)

The US office market is NOT feelin’ alright.

The national office vacancy rate rose to a record-breaking 19.6% in the fourth quarter of 2023, Moody’s Analytics said. That’s the largest quarterly increase since the first quarter of 2021, and larger than the 19.3% level reached twice in 40 years.

Credit card delinquencies are near all-time high as well.

And then we have Ford scaleing back all-electric F-150 Lightning production in response to weak customer demand. Ah, too much consumer debt and freezing temperatures, perfect storm for EVs.