The Bay Area office market is undergoing seismic shifts in the wake of the coronavirus.
Feeble office rents have eroded office building values and created an environment for loan defaults.
Some experts believe the problems in the office market could persist through at least the end of 2024.
The foreclosure could occur if the borrower doesn't pay off the mortgage.
#bay-area-office-market #foreclosure-proceedings #loan-defaults #pandemic-impact #office-building-delinquency
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