🧵 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
🧵 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
🧵 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."
🧵 Read more at: https://www.zerohedge.com/markets/nobody-understands-where-bottom-commercial-real-estate