The office sector is expected to face another challenging year in 2025, with office occupancy rates expected to show no improvement.| CommercialEdge
The wave of distress anticipated since the peak of the pandemic has begun to materialize at the beginning of 2025.| CommercialEdge
Coworking spaces across the nation continue to grow in numbers and popularity, bringing more options to the office sector amid ongoing shifts| CommercialEdge
The office sector is likely to face another challenging year in 2025, with office occupancy rates expected to show no improvement.| CommercialEdge
The strain in the office sector started in the pandemic persists with less development activity, more discounted sales and surging vacancies.| CommercialEdge
Despite back-to-office policies from high-profile companies, office utilization remained unchanged and vacancy rates continued to rise.| CommercialEdge
Over 1.2 billion sq. ft. of U.S. office space (14.8% of stock) are solid candidates for residential conversions, according to our tool.| CommercialEdge
Distress in the office market persists with over $260 billion in office loans maturing and a growing delinquency rate.| CommercialEdge
Demand for office space is down, expenses are up and values have dropped, while maturing loans continue to pressure the sector.| CommercialEdge
As of May this year, there have been 600 office sales, an increasing number of which are being sold at discounts.| CommercialEdge
In March, several markets had average DSCRs below 1.0, including Brooklyn (0.81), Chicago (0.90) and Cleveland (0.96), CommercialEdge shows.| CommercialEdge