Office vacancy rates worry lenders

01/5/2009 | NYTimes.com

Rising office vacancy rates could be the next major hurdle for lenders. Vacancy rates are rising past 10% in nearly every major market, and the Urban Land Institute has called the current downturn the worst since 1991-1992. So far, commercial real estate has not been as problematic to lenders as residential real estate, but that could change with additional refinancing this year.

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