WeWork Woes Cast Shadow Over Office Property Market as Refinancing Crunch Looms

WeWork's financial struggles cast shadow over office property market, with vacancies rising globally.

Many property investors and landlords face refinancing pressure in 2024 as loans come due.

Plunging property transactions complicate estimating asset values needed for refinancing.

Lenders may require more equity from borrowers given uncertain rental income outlook.

Urban offices with high vacancies generate less income but still have high carbon costs.