Office space, “zombie buildings” key risk to Colorado’s economic outlook in 2024

Commercial real estate represents an anchor that is likely to only grow heavier in the months ahead as apartments join office space in stressing banks and weighing on the larger economy. “Office is a four-letter word right now,” said Marcel Arsenault, CEO and founder of Louisville-based Real Capital Solutions, while moderating a panel on commercial real estate at the , hosted by University of Colorado Boulder in early December. Falling interest rates might provide some relief, but they won’t reverse the reluctance lenders have when it comes to refinancing the massive amount of commercial real estate loans coming due, loans that…