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Thursday, June 22, 2023

Distressed US Commercial Property Assets Swell to $64 B

 

  • Troubled assets climbed 10% in the first quarter, MSCI says
  • Another $155 billion of potential distress is looming

Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year. 

The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets. Risks loom on the horizon too, with nearly $155 billion of commercial property assets that are potentially troubled, according to the report. 

https://www.bloomberg.com/news/articles/2023-06-22/distressed-us-commercial-property-assets-swell-to-64-billion

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