Market Extra
Roughly $900 billion of commercial real-estate loans come due through 2024, after an era of cheap debt
Lenders look to avoid older office buildings in the wake of the pandemic, but that’s only part of the problem as a near $1 trillion bill comes due in commercial real estate.
Justin Sullivan/Getty Images
Creditors eager to avoid steep losses on half-empty office buildings in the wake of the pandemic have been sending chills through the rest of the roughly $5.5 trillion commercial real-estate debt market.
A year ago, property prices in this roughly $3.2 trillion slice of the U.S. commercial property market were climbing, even as executives struggled to coax more staff back to offices.
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