Speaking to the Daily Reckoning, executive vice-president at real estate firm Grubb & Ellis Co Shawn Mobley underlined the growing financial problems facing commercial property investors in the country.
He told the publication: "Virtually all the assets bought between 2005 and 2007 cannot be refinanced today without a significant capital infusion.
"These buildings need to be re-capitalised to get back in the business of being active real estate."
The introduction of the Mandatory Disclosure of Commercial Office Building Energy Efficiency scheme later this year is set to complicate the market conditions for investors even further, according to Harvest's Jensen Farley.
He explained that the market will "quickly start comparing the star rating of premises and using it as a key consideration in their purchase decision".