Pandemic-related remote work leads to vacant downtown offices, real estate panic

Read more: https://www.washingtontimes.com/news/2024/apr/8/empty-buildings-tight-credit-high-interest-rates-s/

Remote work, a holdover from the pandemic, is leaving downtown office space empty and depressing property values even as billions in loans come due. Interest rates are sky-high. And a regional banking crisis spurred tighter lending standards, making it harder for property owners to borrow.

Welcome to the great commercial real estate panic of 2024.