โ ๏ธ๐บ๐ธ#markets #recession #opinion #warning
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
In previous rate-hiking cycles going back to 1980, recessions start an average of 13 months after the Fedโs final rate increase, he said
Pain is likely to be greatest in three areas of the economy: Regional banks, commercial real estate and junk-rated corporate borrowers, he said #banks #realestate #highyield #bonds
some US banks are preparing to sell off property loans โ FT
investors have started a sell-off in US office real estate - prices
โ๏ธ#CIO #watchlist
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
In previous rate-hiking cycles going back to 1980, recessions start an average of 13 months after the Fedโs final rate increase, he said
Pain is likely to be greatest in three areas of the economy: Regional banks, commercial real estate and junk-rated corporate borrowers, he said #banks #realestate #highyield #bonds
some US banks are preparing to sell off property loans โ FT
investors have started a sell-off in US office real estate - prices
โ๏ธ#CIO #watchlist
โ ๏ธ๐บ๐ธ#realestate #us #office #commercial #CIO
office values have declined by 27%
the average commercial property is down 15%
โ Green Street
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CBRE: it took 6 years for US office prices to recover after the 2008 financial crisis. This time we think itโll take 10 years
office values have declined by 27%
the average commercial property is down 15%
โ Green Street
โโโโโโโโโ-
CBRE: it took 6 years for US office prices to recover after the 2008 financial crisis. This time we think itโll take 10 years
โ ๏ธ๐บ๐ธ#realestate #us
US regulators asks lenders to help firms with commercial real estate stress
#office owners are particularly struggling as higher borrowing costs complicate financing and tenants pull back given layoffs and the rise of remote work
earlier: nearly $400B of debt on commercial real estate matures this year
BBG: the worldโs empty office buildings have become a debt time bomb #world
#CIO
US regulators asks lenders to help firms with commercial real estate stress
#office owners are particularly struggling as higher borrowing costs complicate financing and tenants pull back given layoffs and the rise of remote work
earlier: nearly $400B of debt on commercial real estate matures this year
BBG: the worldโs empty office buildings have become a debt time bomb #world
#CIO
๐บ๐ธ#realestate #us #office
Capital Economics: in cities like San Francisco and New York, office values are expected to decline by 50% over the next 3 years
โ ๏ธ#CIO #WE
Capital Economics: in cities like San Francisco and New York, office values are expected to decline by 50% over the next 3 years
โ ๏ธ#CIO #WE
โ ๏ธ๐บ๐ธ#realestate #us #office #warning
US commercial real estate delinquency rates hit 12-year high.
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ัommercial real estate prices in the U.S., with the exception of shopping malls, have plummeted over the past year (chart)
and the price decline may continue (chart)
#ONL #EQC #CIO
US commercial real estate delinquency rates hit 12-year high.
โโโโโโโโโโ
ัommercial real estate prices in the U.S., with the exception of shopping malls, have plummeted over the past year (chart)
and the price decline may continue (chart)
#ONL #EQC #CIO
๐บ๐ธ#realestate #us #office
US office real estate costs continue to decline โ CommnercialEdge
... and the price decline may continue (chart)
interestingly, Class A offices (the best ones) are experiencing the most significant drops in price, while Class C offices (the worst ones) have stopped declining in price.
โโโโโโโโโ
earlier: the worldโs empty office buildings have become a debt time bomb
โ ๏ธ#CIO #ONL #WE #EQC
US office real estate costs continue to decline โ CommnercialEdge
... and the price decline may continue (chart)
interestingly, Class A offices (the best ones) are experiencing the most significant drops in price, while Class C offices (the worst ones) have stopped declining in price.
โโโโโโโโโ
earlier: the worldโs empty office buildings have become a debt time bomb
โ ๏ธ#CIO #ONL #WE #EQC