Although Current Distress Levels Are Low, Office Properties Backed by Nonperforming CMBS Loans May Signal Potential Defaults. The office sector is still reeling from the popularity of remote work, which means it will likely be more affected than other property types...
Office demand continued to decline in August, the latest sign hybrid work and a more pessimistic economic outlook continue to weigh on the U.S. office market recovery. VTS lnc.’s monthly tracker of office space demand, the VTS Office Demand Index, found demand...
We all know what leases are–legal contracts by which the landlord conveys a property (real estate or equipment) to the tenant for a predetermined time frame. The tenant makes periodic payments to the landlord in exchange of right to use the property for the specified...
We explain how workers are responding. The pandemic upended American offices like nothing in memory. But now many big companies are again starting to require employees to work in person. To understand how that’s going, I called my colleague Emma Goldberg, who covers...
Would a recession be just the thing the office market, landlords and central business districts need to get things back to – or at least close to -pre-pandemic levels of occupancy? “If a recession were to occur, that balance between employee and employer...
Also, close to two out of five tenants said they will be preferring longer occupancy terms to get ahead of possible rent increases. More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year,...
