Level of Distressed Properties, Loans Double at What They Were Two Years Ago
The commercial real estate rubble still left over from the Great Recession continues to exact a punishing toll on property values and owners' and lenders' books.
In this statistical state analysis, CoStar Group has identified 168,580 office, flex, industrial and retail properties in its national property database with a vacancy rate of 60% or more. The number of properties by type at this level of vacancy distress is as follows:
Read more...Plenty of Recession Damage Still Left To Undo - CoStar Group