Finding the Hidden Risks and Opportunities of Office Lending

Since the pandemic’s start, office real estate has been a topic of deep concern for the CRE market, as vacancy rates have increased to record levels, office transactions have stagnated, and values have declined. The underlying causes of the stress in the office market are no secret: rising interest rates and the persistence of post-pandemic work-from-home trends have been the driving force behind declining values. However, performance has varied as office owners compete for tenants in a shri…