If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I’m very cynical about capitalism, especially in the USA.
Commercial real estate, likely a restructuring due to folks not returning to the office. Been a downward trend since before Covid. Initial downturn was corps leaving downtowns, minor spike in 2022 and trending south.