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Office Landlord Defaults on the Rise as Employees Continue to Work From Home

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Office Landlord Defaults on the Rise as Employees Continue to Work From Home
Midtown Manhattan buildings in New York City on March 4, 2021. Spencer Platt/Getty Images
Bryan Jung
By Bryan Jung
3/2/2023Updated: 12/28/2023
0:00

Office landlord defaults are on the rise throughout the United States as employees continue to work from home.

The list of major commercial real estate landlords defaulting on their loans is beginning to climb, as more developers begin to realize that American workers are increasingly preferring to work remotely or via a hybrid model, which may leave a permanent impact on the U.S. office market.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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commercial real estate
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