Office property woes could possibly be tip of iceberg if credit score freezes up as $1 trillion invoice comes due

Creditors wanting to keep away from steep losses on half-empty workplace buildings within the wake of the pandemic have been sending chills by means of the remainder of the roughly $5.5 trillion business real-estate debt market.

A 12 months in the past, property costs on this roughly $3.2 trillion slice of the U.S. business property market had been climbing, at the same time as executives struggled to coax extra workers again to workplaces.

A…