by BoatSurfer600
The commercial real estate (CRE) industry, valued at $20 trillion, has been facing a significant decline after decades of thriving growth supported by low interest rates and easy credit. Since the pandemic, office and retail property valuations have been on the decline due to lower occupancy rates and changes in how people work and shop. The Federal Reserve’s actions to combat inflation by raising interest rates have also had a negative impact on the credit-dependent industry.
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