U.S. Office Loans Face $289B Maturity Test | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business

Nearly 14K US office properties carried loans that recently matured or were due by end-2028, totaling $289.2B and representing ~34% of office loan volume.
About ~59% of maturing office loans were originated before 2021, meeting a market reshaped by hybrid work, softer attendance, and lighter office employment.
National office vacancy was near 18% in Mid-Q3, about 1 point lower yearly, while avg. listing rates were $33.20 per sq-ft, slightly lower MoM.
Even with strain, office investment reached $42.7B across 1,850 transactions through Mid-Q3, with properties selling at an avg. $205 per sq-ft nationally.
Analysts expect AI adoption, long-term space planning, and uncertain economic conditions to keep pressuring demand for large city-center office towers in coming years.