The Office Sector Shake-Up: What High Vacancy Rates Mean for Your Property Taxes
The office real estate market is undergoing its most significant transformation in decades. The rise of remote work, corporate downsizing, and shifting tenant demands have left many office properties across Texas struggling with high vacancies and declining rents. Yet, appraisal districts continue to assess these properties using outdated assumptions, resulting in inflated valuations—and higher property tax…
