Where Is the Bottom in Commercial Real Estate? Nobody Knows: Q&A
- Real Estate Roundtable’s Fish says capital markets are frozen
- The reason for that is ‘nobody understands value,’ Fish notes
Commercial real estate is facing a double-whammy of higher interest rates and lower demand.
Photographer: Jason Henry/BloombergThis article is for subscribers only.
A slow-motion crisis is unfolding in the commercial real estate market, thanks to the double-whammy of higher interest rates and lower demand for office space following the Covid-19 pandemic.
John Fish, who is head of the construction firm Suffolk, chair of the Real Estate Roundtable think tank and former chairman of the board of the Federal Reserve Bank of Boston, joined the What Goes Up podcast to discuss the issues facing the sector.