2024-04-01 07:30:00 ET
Summary
- Worries are mounting about the state of commercial real estate as interest rates remain high and property prices slide.
- There is a wave of troubled CRE debt, with a significant amount maturing in the next two years, leading to concerns about defaults.
- Some property sectors are also facing oversupply.
- Here is what this means for REITs.
Co-produced by Austin Rogers.
What is happening in commercial real estate?
Worries are mounting about the state of commercial real estate ("CRE") as the Federal Reserve holds their key interest rate at its highest level since 2007.
A notoriously capital-intensive industry, higher interest rates have caused CRE property prices to slide by the most since the Great Financial Crisis of 2008-2009....
Read the full article on Seeking Alpha
For further details see:
Commercial Real Estate Woes: Prospects For REITs In A Challenging Environment