Office landlord defaults are on the rise throughout the United States as employees continue to work from home.
The list of major commercial real estate landlords defaulting on their loans is beginning to climb, as more developers begin to realize that American workers are increasingly preferring to work remotely or via a hybrid model, which may leave a permanent impact on the U.S. office market.
At least $92 billion of office mortgages are maturing this year, putting landlords under increasing pressure, while two of America’s largest commercial property owners are on the verge of non-payment on their debts, reported Bloomberg….