Search
 
Analysis

Here’s Where the Biggest Office and Retail Delinquency Rate Increases Are

There are the trouble spots, not only for owners and investors but for local markets that might see a lot of distress.

Trepp recently looked at two CRE sectors — office and retail — and delivered potential bad news in each, as if that is a big surprise to industry professionals.

“Amid the banking crisis, Trepp data shows that, of the $270 billion of bank commercial real estate loans maturing in 2023, about $80 billion (30%) are backed by office properties,” the firm wrote. The clear implication is that if a wave of continued trouble washed over the banking sector, a lot of attention would have to focus on the short-term loans because those are assets that in theory could be sold off or closed out to provide capital to satisfy depositor demands.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erik Sherman

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.