The U.S. Office Market is the Most Oversupplied in the World

The U.S. Office Market is the Most Oversupplied in the World

Yahoo Canada Finance

The troubled U.S. office market is the world's most oversupplied and property investors have taken on too much debt, a Brookfield Asset Management executive said on Wednesday. A punishing rise in borrowing costs since 2022 and a jump in people working from home has emptied many offices in the United States, pummelling the value of many property assets. Concerns about lenders has hammered some regional bank shares this year.

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