Return to Office | U.S. employers impacted by $117bn office building debt disaster

The Mortgage Bankers Association estimates U.S. office building owners may have to repay or refinance $117 billion in loans over 2024…

U.S. Office building owners must repay or refinance loans totaling an estimated $117 billion throughout 2024. As owners, organizations, and investors attempt to understand the impact of this ticking time bomb, how does it relate to hybrid working and HR strategy…

Data from the Mortgage Bankers Association suggests U.S. office building owners must repay or refinance a staggering $117 billion in loans in 2024.

Office landlords took out the loans ten years ago when interest rates were twice as low. Today, mortgage rates are far higher, revenues from office buildings have been hit by the rise of remote work, and the fallout is already threatening banks, borrowers, property developers, and tenants alike.