July 27, 2022

Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates

Some commercial real estate deals are falling apart across the country as the market reels from the highest interest rate environment in over a decade and clouds of economic uncertainty are gathering.

As borrowing costs rise, the prices for everything from out-of-favor assets like office buildings and retail to warehouses and apartments are declining as buyers get nervous about future values.