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Commercial Real-Estate Woes Run Deeper Than in Past Downturns
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wsj.comCommercial real estate has experienced its share of busts in recent decades. This one is different.
Landlords are contending simultaneously with a cyclical market downturn and with secular changes in the way people work, live and shop. The sudden surge in interest rates caused property values to fall, while the rise of remote work and e-commerce are reducing demand for office and retail space.
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