Large Bank Supervision Forum eBook

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Largest percentage increase in criticized office share of the 10 largest metros = 32.3% (from 0.4% in Q4 2021) CRE Office Delinquency Rate:

Q4 2021 = 0.0% Q2 2023 = 5.5% Some Explanations: * Remote work

* Corporate downsizings * Leases not being renewed * Zombie office buildings (22%) 53 buildings empty 126 buildings >50% empty

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