Commercial real estate is becoming a ‘Tale of Two Cities’ amid banking crisis
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#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 […]