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USRT - Office Space: Looking Past The Doom And Gloom
iShares Core U.S. REIT
2024-05-24 16:15:00 ET
Summary
Remote work arrangements have lifted office vacancy rates, while high borrowing costs are depressing property prices and making it harder to refinance loans.
A large share of commercial real estate debt in general - and office space debt in particular - will mature in coming years and likely need to be repriced at lower levels.
The cash-flow and occupancy challenges many offices face are real, and navigating the landscape requires regional knowledge and underwriting expertise.