Charlotte-Gastonia-Concord, NC-SC, was the metropolitan area with the highest share of distressed office real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, amounted to nearly 37 percent. The office sector has suffered a dramatic decline in demand since the beginning of the coronavirus pandemic. As the monetary policy tightens and investors become increasingly cautious with lending, many office occupiers downsize, resulting in landlords struggling to find tenants and service their debts.
Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro
Distressed real estate loans include commercial mortgage bank securities (CMBS) in the conduit and SASB universe that are delinquent, in special servicing, or a combination of both.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CRED iQ. (May 3, 2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph]. In Statista. Retrieved November 30, 2024, from https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. "Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. Statista. Accessed November 30, 2024. https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. (2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro. Statista. Statista Inc.. Accessed: November 30, 2024. https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. "Share of Distressed (Delinquent and Specially Serviced) Office Real Estate Debt in The United States in April 2023, by Metro." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ, Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro Statista, https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/ (last visited November 30, 2024)
Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph], CRED iQ, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1389202/share-of-distressed-office-real-estate-by-market/
