No buy/sell recommendation but I would not invest in commercial real estate at this time.
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@DonaldTruck I would be interested to know what prompted your opinion? Simply the current market environment? Or do you have other reasons?
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@DividendenPapa Primarily three aspects from the office sector. (1) The home office that has become socially acceptable due to Corona. (1.1) Cost reduction through rent (1.2) Staff shortage: acquisition in the larger catchment area (1.3) Job attractiveness. (2) Commercial properties usually have long-term leases, usually around 5-10 years. So, after Corona, the first ones may be due soon. The vacancy or let's call it cautiously uneconomical use has so far been diligently paid for contractual reasons. (3) Conversion to other commercial or even residential use is extremely cost-intensive and sometimes unattractive for non-monetary reasons. You don't want a store, an apartment in a peripheral location or walk-in customers on the 3rd floor.
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