Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore
Big Take
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The Impact of Empty Office Buildings on Commercial Real Estate
The speakers discuss the current state of commercial real estate, emphasizing the impact of empty office buildings on its value. They highlight the scale of the problem, with trillions of dollars' worth of loans reaching maturity and buildings losing their value, posing challenges for refinancing and increasing the likelihood of borrowers investing more money or relinquishing ownership to lenders.
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