Distressed Office Property Count Set To Shrink: The number of office properties backed by commercial mortgage-backed securities loans in special servicing moved slightly higher in November, increasing by just 1.1% after surging 13% the previous month. The number now stands at 762 buildings, according to CoStar data. The vacancy rate of that group of properties is 30%. Office buildings make up 31% of all property types in special servicing.
Distressed Office Property Count Set To Shrink, More Loan Troubles in Downtown Philadelphia, Final Offers Being Reviewed for Florida Mall
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
December 7, 2023 | 3:10 P.M.
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IN THIS ARTICLE
- Properties
- Countryside Mall
27001 US Highway 19, Clearwater, FL
- Aon Center
200 Randolph St, Chicago, IL
- Wanamaker Building
100 Penn Sq, Philadelphia, PA
- Companies
- Rubenstein Partners
Real Estate
- Unibail-Rodamco-Westfield
Real Estate