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The World’s Empty Office Buildings Have Become a Debt Time Bomb
23rd June, 2023
(Bloomberg Businessweek) -- From San Francisco to Hong Kong, higher interest rates and falling property values are bringing the commercial real estate market to a perilous precipice.

In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased.

Read more at Bloomberg Businessweek