Chicago-Naperville-Joliet, IL-IN-WI, was the metropolitan area with the highest value of distressed office real estate debt in the United States in April 2023. The distressed real estate loans, or the value of debt which is delinquent or in special servicing, amounted to over 1.6 billion U.S. dollars. 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.
Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro
(in million U.S. dollars)
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). Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro (in million U.S. dollars) [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/
CRED iQ. "Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro (in million U.S. dollars)." Chart. May 3, 2023. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/
CRED iQ. (2023). Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/
CRED iQ. "Value of Distressed (Delinquent and Specially Serviced) Office Real Estate Debt in The United States in April 2023, by Metro (in Million U.S. Dollars)." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/
CRED iQ, Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro (in million U.S. dollars) Statista, https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/ (last visited January 09, 2025)
Value of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro (in million U.S. dollars) [Graph], CRED iQ, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1287015/value-of-distressed-office-real-estate-by-market/
