A special report recently released by ATTOM reveals a significant climb in commercial foreclosures over the past few years, from a low of 141 in May 2020 to the current figure of 635 in January 2024. In addition, these numbers increased 17% from January and 97% from last year. States with the most commercial foreclosures in January 2024 included California, New York and Texas.
“This uptick signifies not just a return to pre-pandemic activity levels but also underscores the ongoing adjustments within the commercial real estate sector as it navigates through a landscape transformed by evolving business practices and consumer behaviors,” said Rob Barber, CEO at ATTOM.
Click here to read the full report at ATTOM.
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