Charlotte-Gastonia-Concord, NC-SC, was the metropolitan area with the highest share of distressed office real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, amounted to nearly 37 percent. The office sector has suffered a dramatic decline in demand since the beginning of the coronavirus pandemic. As the monetary policy tightens and investors become increasingly cautious with lending, many office occupiers downsize, resulting in landlords struggling to find tenants and service their debts.
Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro
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EM-DAT. (May 3, 2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
EM-DAT. "Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
EM-DAT. (2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
EM-DAT. "Share of Distressed (Delinquent and Specially Serviced) Office Real Estate Debt in The United States in April 2023, by Metro." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
EM-DAT, Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro Statista, https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/ (last visited May 13, 2024)
Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph], EM-DAT, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/