Real Estate
Distressed US Commercial Property Assets Rise to $64 Billion
- Troubled assets climbed 10% in the first quarter, MSCI says
- Another $155 billion of potential distress is looming
A storefront in Chicago
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year.
The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets. Risks loom on the horizon too, with nearly $155 billion of commercial property assets that are potentially troubled, according to the report.