A recent Bloomberg survey revealed, “About two-thirds of the 919 respondents … believe that the US office market will rebound only after a severe collapse. An even greater majority says that US commercial real estate prices won’t hit bottom until the second half of 2024 or later.” It seems that Receiverships are a growing but unfortunate fact of life in the office sector these days. But most owners and managers seem to be vague on their details. We talked through the ins and outs of this process with some experts, read along as we do a deep dive on what receiverships mean for the future of our industry.
