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
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