A Reckoning Arrives for U.S. Commercial Office Real Estate
Posted on 02/23/2023
Holders of large U.S. commercial office properties are looking at options as interest rates increase and fewer U.S. workers are returning to the office. There is widening pain for large U.S. commercial offices as property values fall and rising interest rates squeeze borrowers. Columbia Property Trust was acquired in 2021 for US$ 3.9 billion by…
