TOKYO -- Office demand has fallen around the world as more people work from home and businesses accelerate job cuts to cope with slow growth. At the end of March, vacancy rates hit the highest levels since the global financial crisis of 2008 in 10 of 17 major cities.
Regulators around the world worry about the impact of sluggish office demand on the financial system, as the value of debt backed by commercial real estate has declined due to rising interest and vacancy rates.
Datawatch
Wave of empty offices hits global market
Vacancy rates log post-Lehman highs in 60% of big cities
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