Office loans just hit a 5% delinquency rate – a 20-month high – as WFH and rate rises pile more pressure on commercial real estate
The US commercial real-estate sector is in a prolonged rut. The combination of workers unwilling to return to the office, coupled with theCommercial real estate has been particularly troubled by the Fed's aggressive hiking campaign, which has pushed up interest rates sharply since spring 2022.
Now, the sector is grappling with a rise in delinquencies as the consequences of the Fed's decisions begin to reverberate through the market.released on Tuesday, office-loan delinquency rates have touched 5% as more companies default on their commercial mortgage-backed securities. were unlikely to rebound to their peaks for another decade or two, thanks to the rise of work from home.
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