Google the term “commercial real estate debt maturities,” and the result will be about 12.2 million hits and headlines. “CRE Loans Face Mounting Maturities in 2023,” according to the Commercial Observer. Meanwhile, the Wall Street Journal added its own concerns, pointing out that “Commercial Property Debt Creates more Bank Worries.”
But suggesting that all commercial real estate product types might be in the debt maturity crosshairs fails to consider the varied asset types, geographic locations and even types of debt that might be in trouble. Or not, as the case may be.
Office, Office . . . and Office
Perhaps unsurprisingly, experts told Connect CRE that office properties tend to be the poster child when it comes to debt maturity issues. There are many reasons for this, including leasing challenges in the post-COVID environment.
