It seems like every day there’s new research and numeric evidence that the office segment is in generally deep trouble. Things are moving toward likely longer modifications, CMBS defaults potentially hitting a tipping point, and potential overall disaster in refinancing.

The conclusions are driven by falling usage, unsustainable levels of vacancy, working-from-home and hybrid models imposed on corporations, tumbling property values, rising interest rates, unaffordable interest rate caps, and tightening lending standards.

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Erik Sherman

GlobeSt

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