It's Worse Than LEHMAN BROTHERS Is Coming

You have no idea just how bad it is in the current commercial real estate sector. Small banks across America are holding millions of dollars in loans in the commercial real estate sector that is on the verge of collapse.

#economy #realestate #news

[johnduncan]

I work in SF and the buildings are empty
They are lying it like 70%

[j.r.]

Most middle management should be simply fired.

[kimberiysmarketstrategy]

Maybe this is why Newsom brought in the National Guard?

[sonnysjsu]

If working from home could eliminate toxic work environment such as; discrimination, sexual harassment, bad boss, stressful or mental illness in some case, traffic, parking ticket, and stepping on human feces ( downtown SF only ), I would tap that. BTW, I am naked on my bed to type this.

[andrewlaidlaw]

You would have management of various companies that used to have all their staff in an office to blame using covid as an excuse to either be hybrid work or full work from home.
Of which I'm sure has had a knock on effect various other shops that worked in city's and large towns due to less footfall by people going in before their work starts, lunch or once people have finished their shift in an office/call centre.

[docdurdin]

Letting employees dictate terms is a business failure in the making. The day will come they will beg for work just to survive.

[RCDiaz-Balart]

To be fair converting all of the former commercial business space into housing apartments and condos would help also price control and bring down the rents in congested areas like New York City. Unfortunately that also raised the amount of congestion, but without as many people leaving their homes for work it should kind of level out

[ricksmall]

Global CO2 levels are 422ppm and the AGGI is over 500ppm
The average global temperature rise is accelerating, heatwaves, droughts, flooding, wildfires and wind events are escalating, this is accelerating food production destruction
Commercial real estate won't be worth squat in a world of starving people

[tc]

Commercial real estate debt set to mature 2025? That’s a long way from now and rates will be 0 again by then. No story here.