Commercial Foreclosure Rates Rise, Office Space Challenges Persist

Commercial foreclosure rates show a steady increase as office space challenges persist. Plus, the first investment of Axis Commercial Real Estate Fund at Fintech City Chennai. Also, commercial and administrative property prices surge compared to 2022. Additionally, the value of the city's commercial real estate goes up, but the office vacancy rate remains high.

Sources:
https://prescottenews.com/2024/08/12/commercial-foreclosure-rates-show-steady-increase-as-office-space-challenges-persist-the-mortgage-note/
https://www.rprealtyplus.com/newsviews/axis-commercial-real-estate-fund-first-investment-at-fintech-city-chennai-116338.html
https://www.dailynewsegypt.com/2024/08/11/commercial-administrative-property-prices-surge-200-compared-to-2022-redcons-abdallah/
https://www.newsday.com/news/new-york/commercial-real-estate-new-york-state-comptroller-report-mgnxag51

Outline:
(00:00:00) Introduction
(00:00:46) Commercial Foreclosure Rates Show Steady Increase As Office Space Challenges Persist - The Mortgage Note
(00:03:20) Axis Commercial Real Estate Fund First Investment At Fintech City Chennai
(00:06:01) Commercial, administrative property prices surge 200% compared to 2022: Redcon’s Abdallah
(00:09:36) City's commercial real estate goes up in value, but office vacancy rate nearly 40%, report says