6.7.2024 – 22 … 60 …

22 … 60 …
10 – problems concentrated
rather than widespread

Some data suggest the pain is concentrated in a small proportion of buildings. While vacancy rates in U.S. office buildings are around 22 percent, roughly 60 percent of that vacant space was in 10 percent of all office buildings nationwide, according to Jones Lang LaSalle, a commercial real estate services firm, suggesting that the problems are concentrated rather than widespread.

From Office Building Losses Start to Pile Up, and More Pain Is Expected By Joe Rennison and Julie Creswell.

According to their bios, Joe Rennison writes about financial markets, a beat that ranges from chronicling the vagaries of the stock market to explaining the often-inscrutable trading decisions of Wall Street insiders and Julie Creswell is a business reporter covering the food industry for The Times, writing about all aspects of food, including farming, food inflation, supply-chain disruptions and climate change.

They get to write stories where they get to apply statistics to prevailing economic conditions in the real estate market.

Say that sentence out loud.

They get to write stories where they get to apply statistics to prevailing economic conditions in the real estate market.

Reminds me of a law case my brother had where his client had a case against an owner of a used car lot and the Judge couldn’t help himself and said out loud that he wouldn’t believe that owner if the good Lord was sitting on his shoulder.

Apply statistics to prevailing economic conditions in the real estate market?

All I can say is do that and you are going to end up writing a sentence that states:

While vacancy rates in U.S. office buildings are around 22 percent,

roughly 60 percent of that vacant space

was in 10 percent

of all office buildings

nationwide

For the life of me I cannot figure out if this is good news … or bad news.

If I read this backwards, does it say that 90% of 40% of 78% of office space … is not vacant?

As the job applicant said, “I was told there would be no math.”

Step One: All dogs have four legs.

Step Two: My cat has four legs.

Step Three: Therefore my dog is a cat.

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