Commercial Real Estate Daily
Commercial Real Estate Daily
Tyler Cauble
094. Expiration Conundrum: The Impending Shifts in CMBS-Backed Office Leases
2 minutes Posted Jan 22, 2024 at 11:00 am.
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Recent data from CRED iQ, as reported by Globe Street, paints a concerning picture for the years ahead. In 2024 and 2025, a staggering 217 million square feet of office leases in buildings backed by CMBS loans are slated to expire, posing challenges for landlords and investors. To break it down, that's 112 million square feet this year and an additional 105 million square feet next year.