Turning offices into car parks

My post was not meant to support my conclusion. I probably should have explained it in a bit more detail as it appears to have been misunderstood.

When I owned offices they were 80/90 years old and in very good condition and also full of tennants. I drove past the other week and they are now empty and are slowly being vandalised.

If they are pulling down what look like perfectly good offices and turning them into car parks then the commercial property sector must be in a mess, along with the banks who fund it:

Regulators in December said the near $6 trillion pile of outstanding commercial real-estate loans, of which about half were owned by banks, was a top threat to the financial system in 2024.

https://www.morningstar.com/news/marketwatch/20231230133/no-one-is-throwing-good-money-after-bad-why-2024-looks-like-trouble-for-commercial-real-estate