Higher interest rates, oversupply, and rising costs have battered commercial real estate. Will 2025 be different?

Higher interest rates, oversupply, and rising costs have battered commercial real estate. Will 2025 be different?

iStock; Rebecca Zisser/BI

The commercial property sector has had a bruising few years as rising interest rates pushed down values, complicated refinancing deals for hundreds of billions of dollars of expiring mortgages, and stymied investment.

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