Rising Interest Rates Threaten to Expose Office Buildings’ Inflated Values

Wall Street Journal, Nov. 1, 2022–Konrad Putzier (subscription)
Cheap debt fueled a decade-long boom in U.S. office values, offsetting the impact of years of rent increases that didn’t keep pace with inflation. Now that the long period of easy credit is over, office building owners are bracing to see how much less their properties are actually worth.