| While macroeconomic indicators have shown mixed signals about whether the U.S. is entering a recession, the head of the country's largest publicly traded office landlord said the state of the commercial real estate industry is clearer. "Notwithstanding the running debate on whether the U.S. economy will experience a hard or soft landing, commercial real estate markets are currently in a recession," BXP CEO Owen Thomas said Wednesday morning on the REIT's fourth-quarter earnings call. 
The Boston-based REIT, which owns 54M SF of commercial real estate across 194 properties in six of the largest U.S. markets, is already feeling the impacts of that recession. Several of the company's largest tenants — including Salesforce, Google, Microsoft and WeWork — have been cutting costs in recent months by laying off…  Read the full story here. | | |
