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Multifamily CMBS delinquency was also up, but retail and lodging rates were down.
Facing the new chief executive: one activist investor, many disappointed shareholders, and unionizing employees.
Whether users face direct effects or indirect ones through the software's vendors, legislation could affect how you work.
However, even if correct, they say it could take another two years to get closer to normal.
Too much office made it necessary. Who will be next?
He also sees a 50% chance of a soft landing but a to-big-to-ignore 35% chance of a recession.
The overall rate is 8.30%, with office the highest individual category at 11.25%.
The best approach is to start now with a five-part road to compliance.
And that's for asking rents. Effective rents could be even lower, though harder to measure.
Overbuilding over many years turned into "obsolete buildings with chronically high availability."