Offices Are Landing in Special Servicing Despite Strong Occupancy and Rent

Globe St., April 25, 2025-Erik Sherman
Like CRE’s Rodney Dangerfield, office gets no respect, none at all. A CRED iQ report in March said that loan distress fell across most property types — except office. In April, the asset class was still the most distressed type of loan. And then tariffs and trade wars became the latest problem for office properties. Sometimes, even when they’re performing well.
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