A Lease Expiration Surge That Could Reshape the Market
Leases on more than 265 million square feet of commercial space are set to expire in 2025 (Source: Trepp Report). This includes 100 million square feet of industrial space, 85.5 million square feet of office space, and 58.5 million square feet of retail space. For landlords, lenders, and investors, these lease expirations will likely impact cash flows and valuations differently depending on property type.
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