Construction And DemandOffice construction activity expected to drop sharply due to soft demand and elevated financing costs, leading to no new construction starts.
Debt And FinancingThe REIT continues to face a difficult operating environment and has a significant amount of debt maturing at rates lower than the cost of financing.
Leasing And Vacancy RatesRenewing lease expiries are a risk for office REITs as leasing has become more difficult and expensive, with vacancy rates rising.