Commercial Defaults Up, Particularly Office

[Andrew Syrios]

Residential real estate is doing pretty well despite the high rates, but commercial is getting hit pretty hard (the topic of my most recent article btw: https://www.biggerpockets.com/...). Office in particular is being hammered with 69% of defaults being in office: 

With work from home and deteriorating downtowns (not to mention high interest rates), I don't see this trend changing any time soon. 

https://cred-iq.com/blog/index...