The office market is in trouble. Lower interest rates might not be enough to save it.
The under-construction headquarters for JPMorgan Chase, far left, in Midtown Manhattan.
Gary Hershorn/Getty Images
- Fed rate cuts will make it slightly cheaper to refinance commercial mortgages.
- Yet, it'll still be tough to convince banks to keep lending to offices facing weak demand.
- Offices have struggled as hybrid work persists and companies reassess how much space they need.
Offices have been the weak spot in the commercial real estate market since the...
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