Streets Of Baltimore: Office Tower Sold For $4 Million ($12 Per Square Foot)

#bubble, #inflation, CMBS, CRE, Credit, Inflation, Mortgage, New Home Sales, Powell, REITs, Yellen 1 Minute

The Streets of Baltimore. I don’t think Gram Parsons would like the streets of Baltimore anymore.

A 345k SF office tower in Baltimore sold for $4M That’s a shocking $12 per square foot.

That’s cash on the barrelhead. Unless some poor lender is willing to take a bath on CRE in major metro areas like crime-ridden Baltimore.

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Published by confoundedinterest17

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