The Commercial Real Estate Crisis Didn’t End — It Moved
The US office bust has entered a new phase, one where time runs out as billions of dollars in loans come due. While New York and San Francisco are rebounding, Chicago, Denver and Philadelphia may never be the same.
The Office Bust Is Shifting From Empty Towers to Investor Losses: https://bloom.bg/4xI9a6Z
With interest rates staying high and billions in loans coming due, US cities and building owners are finally having to contend with the crisis.
#RealEstate #Business #Investing
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