Office Space Is Emptying Out Businesses Vacate at Fastest Pace in Years, Pressuring Landlords and Their Lenders

With Unemployment on the way up this can mean only one thing, office and retail vacancies will be on the rise. As this writer has often written over the past 18 months, commercial real estate is a lagging indicator. The lag is over and the market has finally started to catch up to the reality of what has been going on in the credit and housing markets. Those that either pretended there was not going...