The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says

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A photo of the New York City Skyline.
A view of the Manhattan Skyline with the Empire State Building in the center.

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Investors and economists are getting worried about more bank failures as interest rates stay high

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Commercial real estate foreclosures have spiked 117% over the past year

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Risky commercial real estate investments are getting squeezed as the market collapses

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The Fed may not cut rates at all this year because high rates 'aren't hurting much,' analyst says

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US Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC.
US Federal Reserve Board Chairman Jerome Powell.

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The number of new commercial mortgages plummeted 47% last year

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The renovated exterior of Franklin Tower, a 24-story former office building in downtown Philadelphia that now contains luxury residences.
The renovated exterior of Franklin Tower, a 24-story former office building in downtown Philadelphia that now contains luxury residences.

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Commercial real estate could hit a breaking point this year as falling property values spur bankruptcies and forced selling, research firm says

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Commercial real estate properties could be in for another 10% decline this year, Capital Economics estimated.

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America's office market will plunge another 20% in value next year and will take decades to climb back to its peak

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Commercial real estate lending plunged 50% last quarter as the market struggles to break out of its 'logjam,' MBA says

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The repricing of the bond market will drive a 40% decline in the price of America's office buildings by the end of next year, research firm says

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Office prices could see a 40% peak-to-trough decline by the end of next year, Capital Economics forecasted.

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