Mounting Challenges for the U.S. Commercial Property Market Heighten Concerns

Industry experts are keeping their eyes focused on the nation’s commercial real estate (CRE) industry at a time when office vacancy rates have hit all-time highs, consumer savings are dwindling, and interest rates are rising. Heightening concerns are the “massive” debt refinancings that the sector faces at a time when interest rates are at their highest level since 2001; the potential for U.S. banks to “lose up to $250 billion on their exposure to commercial offices, which makes up about 10% of their combined $2 trillion in equity;” and risk damage to some of America’s largest cities should the office property market crash.

Source:    https://finance.yahoo.com/news/us-commercial-property-concerns-keep-174501992.html