Modern Office Buildings Built Since 2000 May Benefit as About $11.5 Billion in Loans Mature Through 2024

As the office sector faces challenges resulting from a prolonged post-pandemic return to office and corporate cost-cutting, commercial mortgage-backed securities (CMBS) loans backed by offices have suffered. With about $11.50 billion of CMBS office-backed conduit loans that mature through 2024, it would be an oversimplification to make a sweeping statement on the soundness of maturing CMBS loans backed by office properties; the picture is complex, with factors including property age, rolling leases, and location affecting the performance of these loans.