space
Mar
10
2010
In March 2010, commercial real estate markets remained flooded with vacant office and warehouse space as the recession lingered. Developers continued scouting new sites even as existing properties sat empty. The cartoon depicts one such figure enthusiastically pointing at undeveloped ground while surrounded by for-lease signs. It highlights the disconnect between market conditions and persistent development impulses. The piece argues that ignoring high vacancy rates risks repeating the overbuilding mistakes that contributed to the downturn.
