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Since March, rents have fallen in 41 of the top 100 metros in the US with San Francisco, New York and Seattle among the markets with the steepest declines.
As previously reported, the office market has been rocked by the pandemic. GlobeSt.com takes a closer look with an infographic on the subject including what initiated this trend.
Exposure to losses on investments, including commercial mortgage loans, is a crucial rating sensitivity and driver of the negative outlook on the US life insurance sector.