US Commercial Real Estate Foreclosures Increase in December

The sector has been flagged by a government council as a key financial risk facing the nation.

A person walks past a building with retail space for rent in Washington on March 6, 2024. Andrew Caballero-Reynolds/AFP via Getty Images

The number of foreclosed commercial real estate properties in the United States rose in December 2024, according to a recent report from real estate analytics company ATTOM, which highlighted the underlying pressure facing the sector.

“Since June 2023, foreclosure numbers have risen sharply, with activity fluctuating throughout 2024,” a Feb. 4 report from the company states. “By December 2024, total commercial foreclosures climbed to 725, marking one of the highest monthly figures since 2018.”