Office Lease Exposure Risk Ramps Up

Article originally posted on CoStar on May 24, 2024

Boston is among the nation's leaders in office space leased before the pandemic that has yet to reach expiration. (Bret Osswald/CoStar)

For Some Building Owners in Major Cities, the Lease Expiration Wave Is Just Beginning

The long-term nature of office leasing has slowed the market’s adjustment to the shift in office utilization catalyzed by the COVID-19 pandemic, helping building owners preserve at least some income from in-place tenants. But with demand for office space slow to bounce back, the lease expiration calendar now suggests that more pain could be ahead for landlords facing lease rollover risk.

 

Read complete article here: https://www.costar.com/article/88692107/office-lease-exposure-risk-ramps-up

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