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3min chapter
The Problems In The Commercial Real Estate Market
Patrick Boyle On Finance
Introduction
Nearly 20% of office spaces are currently empty across the United States. This is higher than the vacancy rate during the 2008 global financial crisis. Rising interest rates, falling prices and the trend of hybrid working have reduced demand for office space. The recent bank failures raised fears about other regional banks that account for the bulk of commercial real estate loans running into trouble.
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