The Troubling Outlook for Commercial Real Estate and Lenders.

Life insurance companies are turning away from office building owners as tens of billions of dollars in office loans come due this year. Many insurers have slowed or stopped making office loans due to rising vacancy rates and falling rents, reflecting the growing popularity of remote work and return-to-office rates that are still around half the levels workplaces enjoyed prepandemic. This is interrupting the sector's decadelong expansion into commercial property lending.