Downtown real estate and commercial buildings are struggling. Why won’t landlords lower the rent?

Downtown real estate and commercial buildings are struggling. Why won’t landlords lower the rent?

They call it the “debt wall,” and it is not the kind of wall that protects you. It’s the kind that might collapse and crush your village, or into which you might crash your car. Specifically, it is $1.5 trillion in commercial real estate debt, owed to banks, pension funds, and insurance companies before the end of 2025, and secured by a national portfolio of office, retail, industrial, and multifamily properties that may not be worth what they were five or 10 years ago when those loans got made.

The country’s downtown office buildings, as you may have heard, are in particularly dire shape. The return to the office has stalled, and many once-vibrant business districts have fallen on hard times. According to data from the brokerage Colliers, almost all of the biggest office buildings in downtown Los Angeles are underwater on their loans—meaning, their owners owe more to the

1-bedroom downtown Toronto condo listed for $400,000

1-bedroom downtown Toronto condo listed for $400,000

#GTAHomeHunt is a weekly series from the Star that gets into the details of real estate listings in Toronto and the Greater Toronto Area. Have a tip? Email us at social@torstar.ca

Price: $399,000

Neighbourhood: Kensington — Chinatown

X-factor: This one-bedroom condo apartment at 60 St. Patrick St. is on a quiet street downtown, steps away from the Art Gallery of Ontario and Grange Park.

Accessing the heart of Chinatown to the west or Eaton Centre to the east will take less than 15 minutes on foot or by streetcar, and the St. Patrick subway station is just a five-minute walk away. Nearby, there are countless restaurants, cafes, shops and grocery options.

The building itself offers an outdoor pool, sauna and exercise room, according to the listing, and the condo fees are $600 per month.

According to realtor Othneil Litchmore, that’s not a bad price. What makes it even better is

Icon Brickell Leases and other Downtown Miami Condos

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Evaluating The Different Choices Out there For Downtown Austin Condos

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Evaluating The Completely different Choices Out there For Downtown Austin Condos

Real EstateEstablished in 1911, Douglas Elliman Actual Estate is the biggest brokerage within the New York Metropolitan space and the second largest unbiased residential actual property brokerage in the United States by sales quantity. If that is the first time dwelling alone, you might have spent a lot of your life letting your dad and mother look after every of the payments as well as the chores in your case. Since you’re mature enough to learn you should be impartial by transferring with an condo, moreover it’s a must to be accountable sufficient to take a look at power over things that you by no means felt the need to take care of in these days, significantly issues about money.

Likewise for those who go to deciding on a design on your residence, this similarly carries a big effect on the easiest way we reside our lifestyle in addition to on …