The commercial real-estate industry isn’t looking for a bailout, but... Extend and Pretend
Commercial real estate faces a ‘slow moving train wreck.’ The roughly $20 trillion U.S. commercial real-estate market has been facing a big liquidity crunch that looks to get worse if interest rates stay high as a deluge of debt comes due. Roughly half of the estimated $4.7 trillion of the debt on commercial buildings set to mature through 2027. Many of “these mortgages need to be extended MarketWatch 30 April 2024 https://www.marketwatch.com/story/commercial-real-estate-faces-a-slow-moving-train-wreck-here-are-fixes-for-lawmakers-834c0eaa The World’s Empty Office Buildings Have Become a Debt Time Bomb Extend and Pretend https://englundmacro.blogspot.com/2023/06/the-worlds-empty-office-buildings-have.html