Financial Performance And DebtThe 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.
Office Construction And DemandOffice construction activity expected to drop sharply due to soft demand and elevated financing costs, leading to no new construction starts.