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    Posts by William Sankey


    How the Rise in Office Loan Defaults Will Impact CRE Development

    Defaults on loan payments for unused office buildings are on the rise, as owners of Class B and Class C properties face dual headwinds from the ongoing prevalence of remote work and the high-interest rate environment. The commercial real estate firm Cushman & Wakefield estimates about 20% of office space is vacant at present, with the number even higher in cities like San Francisco where the tech industry’s embrace of remote work puts vacancies closer to 30%. As a result over $38 billion of...

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    About the Author

    Co-Founder & CEO of Northspyre

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