Having endured three years of rising vacancy and shrinking rents, owners of office buildings in the nation’s largest cities are now facing their biggest test as they try to hold on to their buildings in the face of falling valuations that can no longer support the multimillion-dollar mortgages tied to their properties.
San Francisco Leads Increase in West Coast Office Loan Delinquencies
Growing Signs of Distress As More Owners Give Up on Struggling Buildings
By Nigel Hughes
CoStar Analytics
August 25, 2023 | 8:40 P.M.
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IN THIS ARTICLE
- Properties
- 650 California
650 California St, San Francisco, CA
- Bldg 1
2525 1st St, San Jose, CA