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.
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Office Space: Looking Past The Doom And Gloom