GRR Live Americas: commercial real estate’s $1.5 trillion problem
From left to right: Thomas Kessler, Stacy Lutkus, Jennifer Rodburg and Brad Sandler (Credit: Chris Lazzaro)
A “perfect storm” of increasing interest rates, inflation and higher debt service and refinancing costs has led to a huge amount of distress in the commercial real estate sector, but panellists at GRR Live in New York discussed why there have not been many bankruptcies while other industries affected by the covid-19 pandemic have seen an uptick in filings.
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