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The U.S. office real estate crisis is accelerating: the default rate of office building CMBS has surpassed 11.8%, reaching a record high and exceeding the peak during the 2008 financial crisis.

The U.S. office real estate crisis is accelerating: the default rate of office building CMBS has surpassed 11.8%, reaching a record high and exceeding the peak during the 2008 financial crisis.

``` The crisis in the US commercial real estate market, particularly in office buildings, is accelerating at a faster-than-expected pace. The latest data show that as a key "barometer" of market stress, the default rate on office loans in Commercial Mortgage-Backed Securities (CMBS) has reached a historic high. According
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