199. Office Delinquencies Hit 5-Year High; Issuance Defies Debt Ceiling Drama; State of CRE Market
The TreppWire Podcast: A Commercial Real Estate Show
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The Decline of the Office Sector
Office delinquency is at 4.02%, which was, as we said, the highest number since 2018. Lonnie: For us to now be at 4% versus a period of time when the underwriting was terrible, I think is a little bit alarming. It just makes me wonder if we got lulled a little bit into really low LTVs when reality those were propped up because interest rates were effectively zero. So I wonder if we're going to start seeing, at least for the office sector specifically, maybe what we thought was really strong underwriting, start to unravel a little bit in that 70% occupancy and the value market market. That's something we'll try to
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