Commercial Real Estate Faces Distress and Uncertainty Amid Economic Turmoil
TL;DR Summary
High-end office buildings, also known as class-A properties, are experiencing an increase in defaults and vacancies due to remote work and rising interest rates. These buildings, which were previously able to increase rents during the pandemic, are now under pressure as the distress in the office market spreads to more corners of the commercial real estate market.
Topics:business#defaults#high-end-office-buildings#real-estate#remote-work#rising-interest-rates#vacancies
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