Office Loan Woes and Fed Testimony Impact Stock Market

Chicago, Philadelphia, and Houston have some of the highest percentages of problem office loans, according to a report by Barclays. San Francisco, despite its broader commercial real estate woes, has not yet seen a significant increase in delinquent office loans. Researchers found little correlation between office collateral performance and Kastle's weekly occupancy report. Tech companies' remote work policies have contributed to the rise in office delinquencies, and higher interest rates and maturing property debt have been pressuring landlords.