Commercial real estate foreclosures are surging across the U.S., with foreclosures climbing 48% in September year-over-year. California’s numbers are especially striking, with a massive 238% increase, per ATTOM’s recent report, as detailed by Business Insider. This spike points to growing pressures in the sector. This trend is likely influenced by rising interest rates and lingering effects from post-pandemic shifts in demand, particularly for office spaces. States like New York and Florida are also seeing big foreclosure increases, up 48% and 49%, respectively.

 

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