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Sinking under the weight of skyscrapers made useless by remote work. high interest rates are making a bad situation worse. many are financed with short—term loans. the is $1 trillion of debt you in the next 18 months and so that'll be hard to be finance these loans and a lot of landlords decide that it is not worth it and they will decide to give back the keys and said an default on those loans. some real estate _ an default on those loans. some real estate companies _ an default on those loans. some real estate companies will - an default on those loans. some real estate companies will not ...

Interest rates are making a bad situation worst. many are financed by short—term loans. same out there is $1 trillion due the next 18 months of that will be hard to be finance these loans lot of landlords will decide that it is not worth it and they will decide to give back the keys instead in default on those loans. some of the state companies will not survive the crisis. 0thers of the state companies will not survive the crisis. others are pivoting. survive the crisis. others are ivotina. survive the crisis. others are pivoting-— survive the crisis. others are ..ivotin_ , , ., pivoting. ...

And so that will be hard to refinance these loans. and a lot of landlords will decide that it's not worth it and they will decide to give back the keys instead and default on those loans. some real estate companies will not survive the crisis. others are pivoting. so this is a vacant office that's been used in the show equaliser. finding a new lease on life, this midtown manhattan tower often doubles as a film set. so this room is an office that the landlord left as is for film and tv. amanda weisenthal runs backlot, a company that helps film and tv productions find locations. she says landlor...

Vacancy rates are at 30—year highs in many american cities — new york's vacancy rate was an eyewatering 22% in the first three months of this year. it raises the question: what should be done with all of that empty space? from new york, michelle fleury sent us this report. the big apple, defined in part by its looming office towers, is sinking under the weight of skyscrapers made useless by remote work. high interest rates are making a bad situation worse. many buildings are financed with short term loans. there's about $1,000,000,000,000 in commercial real estate debt coming due in the ne...