Lenders are Finally Getting Real About Plunging Office Values
For years, a crisis has been looming in US commercial real estate. On today's Big Take podcast, we dive into why this crisis is coming to a head now and what it means for lenders and investors across the globe.
Monitors inside a trading room at Deutsche Bank in New York.
Photographer: Jeenah Moon/BloombergListen to the Big Take podcast on iHeart, Apple Podcasts, Spotify and the Bloomberg Terminal.
The commercial real estate market has been upended by changing office habits and rising interest rates. For years, lenders and global investors did not have to confront these plunging building values. But with deals picking up again, the reality can no longer be ignored. On today's Big Take podcast, Bloomberg real estate reporters Natalie Wong and Patrick Clark share how these losses may ripple across the global financial system.