The Zombie Office Apocalypse

Billions of dollars in office building loans are scheduled to mature in major U.S. cities through 2026 and 2027, according to Bloomberg. New York and San Francisco have seen increased office occupancy following pandemic-era declines, while Chicago, Denver, and Philadelphia continue to experience lower occupancy rates. Property owners and lenders in those cities face decisions about refinancing or restructuring debt on buildings with reduced tenant demand.

Next story