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US office vacancy rates inched above a 2008 peak of 16.3%, per Colliers.

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  • The stress in the US commercial real-estate industry is mounting with office vacancy rates surpassing 2008 highs. 
  • "Vacancy has inched above the prior peak of 16.3%, seen at the height of the Global Financial Crisis, with further upward pressure expected to follow," real-estate services firm Colliers said.
  • The office sector has been slammed by high interest rates, work-from-home trends, and a credit squeeze. 

The stress in the US commercial-property sector is mounting, with office vacancy rates surpassing highs seen at the peak of the 2008 global financial crisis.

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Markets, mi-exclusive, Markets, Offices, commercial-property, rising-interest-rates, interest-rates, Fed, fed-inflation, fed-inflation-outlook, cre, commercial-real-estate, commercial-real-estate-market, colliers-international
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US commercial-property crisis deepens with office vacancy rate topping 2008 hig…