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RE: LeoThread 2023-07-24 14:35

in LeoFinance • last year

🧵 1) "Commercial real estate sector facing a severe crisis, says Barry Sternlicht of Starwood Capital Group. Sliding demand and high-interest rates causing disaster for building owners." #business

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🧵 2) "Massive debt maturity wall of $2.5 trillion expected over the next five years in CRE loans, warns Morgan Stanley. Real estate values dropping by 25% year-over-year, says Goldman Sachs."

🧵 3) "Capital markets frozen and nobody understands value in commercial real estate, says John Fish of Suffolk construction firm. Price discovery impossible, bottom unknown."

🧵 4) "Office towers sold at firesale prices in Baltimore City. Commercial real estate industry in turmoil with no relief in sight. Uncertain future awaits."