Running on empty: Fitch finds office CMBS vulnerable to remote work
The lasting effects of work-from-home practices driven by the COVID-19 pandemic could slash some office property values to less than half of their original value – and lead to rating downgrades on affected CMBS transactions, according to Fitch Ratings. “A large-scale secular shift in working practices could ultimately pressure even the most resilient properties,” Fitch […]
By
Matt Hudgins