TCW CEO Sees One-Third of Supply Taken Out of Office Real Estate

TCW Group Chief Executive Officer Katie Koch expects further dislocation in commercial real estate, a market that has continued to under-perform as US workers remain reluctant to return to the office full time.

“One-third of the supply has to be taken out of the office market,” Koch said Thursday at CNBC’s Delivering Alpha conference, where she also pointed out that $1.5 trillion of commercial mortgage-backed securities are maturing soon and need to be extended.