Wall Street Journalさんのインスタグラム写真 - (Wall Street JournalInstagram)「America’s highest office vacancies aren’t in the East and West Coast cities that have been shedding population and workers. They are in Texas, a thriving Sunbelt state that has been luring companies away from the big coastal cities.⁠ ⁠ Houston, Dallas and Austin top the list of major U.S. cities with the highest office-vacancy rates, according to Moody’s Analytics. About 25% of their office space wasn’t leased as of the third quarter. That was more than double New York’s vacancy rate of 12% and well above San Francisco’s vacancy rate of 17%.⁠ ⁠ Texas office floors are struggling to find tenants even though the state’s workers have been more eager to get back to the office than in most other places. According to Kastle Systems, which measures occupancy by counting keycard swipes in 10 major metro areas, Houston, Austin and Dallas have the highest office-return rates.⁠ ⁠ Vacancies are high largely because Texas developers build too much. All three cities experienced a surge in construction in the 1980s, when tax rules favored developers and loose lending created a commercial real-estate bubble. Another construction spurt in the late 1990s aggravated the problem.⁠ ⁠ Texas’ high vacancy rate offers more evidence that the U.S. office market’s biggest problem hasn’t been primarily remote work. It is a glut of buildings across the U.S., which has been decades in the making and helps explain why the country has long had much higher vacancy rates than Europe or Asia. Office markets in other booming Sunbelt cities such as Atlanta are also suffering, despite economic growth and job creation.⁠ ⁠ Read more at the link in our bio.⁠ ⁠ 📷: @tylerdanehansen for @wsjphotos」10月11日 10時00分