Office Space Demand Declines, Commercial Real Estate Foreclosures Rise

FAU study finds sinking demand for office space could result in bank failures. U.S. commercial real estate foreclosures up 97% from last year. Plus, the latest commercial real estate transactions in the Oklahoma City metro area. Also, multi-family development and commercial space approved at the 281-71 junction in Marble Falls.

Sources:
https://www.wflx.com/2024/02/23/fau-study-finds-sinking-demand-office-space-could-result-bank-failures/
https://commercialobserver.com/2024/02/us-foreclosures-increase-attom/
https://www.oklahoman.com/story/business/real-estate/2024/02/23/commercial-real-estate-transactions-in-okc-area-for-feb-23-2024/72702566007/
https://www.dailytrib.com/2024/02/23/multi-family-development-commercial-space-okd-at-281-71-junction/

Outline:
(00:00:00) Introduction
(00:00:45) FAU study finds sinking demand for office space could result in bank failures
(00:02:43) U.S. Commercial Real Estate Foreclosures Up 97% from Last Year
(00:05:21) Commercial real estate transactions from across the Oklahoma City metro area
(00:07:24) Multi-family development, commercial space OK'd at 281-71 junction