Office landlords in Europe are facing a £34bn cash crunch, economists have warned.
High interest rates and a slump in office values mean Europe’s commercial real estate sector will be hit by a funding shortfall between 2023 and 2026, according to S&P Global Ratings.
Analysts have predicted that office landlords will receive £34bn less from banks over the next three-year period, compared to the amount received by the sector between 2018 and 2021.
