Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade

Thu, 10/19/2023 - 11:09

office building bankers workers employees — There's around $216 billion of potentially distressed commercial real estate properties, according to MSCI Real Assets.
REUTERS/Carlo Allegri

Distressed commercial real estate debt climbed to a 10-year high last quarter.
Total distressed debt hit $80 billion, though there are $216 billion of potentially distressed properties.
There's around $900 billion of debt in the sector set to mature by the end of 2024, the MSCI warned.

Pressures are building on the commercial real estate sector, with distressed debt on commercial properties climbing to a 10-year record the past quarter.