WeWork’s Potential Bankruptcy: What Will Be The Effect On Office Vacancy Rates?
Allwork
AUGUST 22, 2023
In the first half of 2023, the delinquency rate rose from 2.75% to 4%. A fully equipped and fully serviced office near where they live fits the bill nicely. While the overall level of Non-Performing Loans (NPLs) in the U.S. banking system remains low, the volume of distress is clearly on the rise in commercial real estate lending.
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