Unfortunately, the California Coastal Commission and most local governments have prioritized perpetuating the status quo by codifying rules that severely limit multifamily housing in most urban areas.

Citi is closing its office in Málaga, Spain, after three years. Holger Leue/Getty Images. Citigroup is closing an office in Spain opened to offer junior bankers a better work-life balance.

Citigroup is closing an office in Spain opened to offer junior bankers a better work-life balance. The office in the coastal city of Málaga was open for just three years.

Office markets in popular Sunbelt cities are showing signs of fatigue, succumbing to economic uncertainty and the persistence of remote work that had already upended major coastal office markets.