#realestate #stockmarket #youtube
Commercial real estate relies heavily on regional and local banks for credit loans, according to research from MSIC. That reliance has cast a shadow over the sector amid the fallout from the nation’s second and third largest bank failures in history. But Joseph Coradino, Pennsylvania Real Estate Investment Trust’s CEO argues not all commercial real estate is created equal. Offices are facing unprecedented vacancies after the COVID-19 pandemic, with office spaces available for lease for rising above levels less seen after the Great Financial Crisis, according to data from CoStar. Meanwhile Coradino isn’t seeing trends change for retail real estate demand. Traffic has risen seven percent compared to the year prior at Pennsylvania Real Estate Investment Trust properties. Above, Coradino discusses the ‘tale of two cities’ between retail and office real estate with Yahoo Finance’s Seana Smith and Dave Briggs. Key video moments 00:00:05 – Access to credit for commercial real estate companies 00:01:10 – Why offices are worse positioned than retail
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
