National Commercial Real Estate News From CoStar Group
Large Lease Rollovers Pose Loan Risks in Era of the Shrinking Office
The trend in less square footage requirement per employee has serious implications for landlords with near-term lease rollover risk, according to new analysis from Wells Fargo Securities.
Older existing office leases initially written in the era using the higher square footage requirement per employee are likely to renew under a more efficient standard.
Looking at tenant data backing commercial mortgage backed securities offerings, Wells Fargo...