CRED iQ reviewed CMBS loans with office collateral through 2025 and found that about 217 million square feet are office leases with expiration dates this year and next.
That is quite a sizeable near term rollover risk.
Lease expiration figures were further parsed by geographic location to provide a granular view by MSA. A detailed view of lease expirations by individual office market helps identify which markets' vacancy rates are at risk of being stressed.
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