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Commercial leases are typically five years or longer, so those who signed before the pandemic might be making exit plans.
China’s housing bubble has popped, and the commercial property market is going through a rough patch.
A new study says that 300 regional banks are at risk of collapse because of the high number of vacancies in office buildings.
The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors’ cash.
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
San Francisco’s empty office buildings and fleeing retailers have been in the news. London Breed challenges that narrative.
Offices are at the epicenter of seismic pandemic shifts, per McKinsey’s Aditya Sanghvi. They need to become places where people want to be.
More than 3% of such loans are now delinquent.
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Analysts say there’s no reason to panic, but the sinking values of commercial properties could make those banks’ balance sheets look pretty bad.
