As the market for office buildings crashes, speculators are now buying select properties they think will rebound in value when the crash hits bottom.
73 search results for: Deloitte Abandons More London Office Space
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TOP TREND 2024, BANKS GO BUST: MORE BANK FAILURES AHEAD
It is old news for Trends Journal subscribers, but it is just making the “news” now. More U.S. regional banks are due to fail because of their “very high” concentration of teetering commercial real estate loans...
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TOP TREND 2023, OFFICE BUILDING BUST: LATE PAYMENTS, FORECLOSURES CLIMBING AMONG OFFICE BUILDING LOANS
In May, the proportion of late-paying loans on U.S. office buildings rose to 7 percent, almost doubling from 4 percent a year earlier, data service Trepp reported.
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TOP TREND 2023, OFFICE BUILDING BUST: PENSION FUNDS STUNG BY OFFICE BUILDING BUST
Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
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TOP TREND 2023: OFFICE BUILDING BUST
For the first time since the Great Recession, highly-rated bonds backed by commercial real estate loans are beginning to see losses.
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TOP TREND 2023, OFFICE BUILDING BUST: NEAR-RECORD NUMBER OF U.S. OFFICE LOANS TEETERING ON DEFAULT
More than $38 billion worth of loans against U.S. office properties are delinquent in their payments or facing foreclosure or default, according to data service MSCI.
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TOP TREND 2023: OFFICE BUILDING BUST
The number of commercial real estate sales in Europe during this year’s first quarter was 26 percent below the same period in 2023, falling to a value of €34.5 billion, the Financial Times reported.
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TOP TREND 2023: OFFICE BUILDING BUST
In March, 625 commercial real estate (CRE) properties were foreclosed in the U.S., 6 percent more than in February and 117 percent more than a year earlier, according to real estate data service ATTOM.
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TOP TREND 2023: OFFICE BUILDING BUST
In this year’s first quarter, the nationwide U.S. office vacancy rate averaged a record 19.8 percent, Moody’s reported, up from 19.6 percent the previous quarter.
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TOP TREND 2023: OFFICE BUILDING BUST
Nationwide, office properties have lost about 20 percent in value since the COVID War made remote work the new normal. However, in some key markets, the plunge has been far more severe.
