World & BusinessUS office bust reportedly shifts from empty towers to investor losses
Bloomberg reports that high interest rates and billions in loans coming due are putting pressure on US cities and building owners.
TLDR
Bloomberg describes an office crisis shifting from empty towers to investor losses. With interest rates staying high and billions in debt coming due, it says landlords face a choice: put more money into struggling towers or walk away.
US office bust reportedly shifts from empty towers to investor losses
Bloomberg reports that high interest rates and billions in loans coming due are putting pressure on US cities and building owners.
