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The Bond Buyer: Commercial real estate decline will cause pain in city budgets


"Office use nationally is not going to return to pre-COVID levels," said HilltopSecurities Head of Public Policy and Municipal Strategy Tom Kozlik. Nationally, office use is about half of pre-COVID levels, according to Kastle Systems data, and he said "that level is probably [close] to the level that we are expecting to continue at in the near- to medium-term."

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