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Office Space: More Trouble

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Office Space: More Trouble
Office buildings, which make up the heart of midtown Manhattan, N.Y., stand largely empty, on March 4, 2021. Spencer Platt/Getty Images
Milton Ezrati
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Commentary

Commercial real estate faces increasing headwinds. Delinquency rates, especially for office buildings, have spiked and show signs of climbing still higher. Developers and lenders are set to lose.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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