Scorpi18 | Market Insights
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Insights and analysis of the global financial market by investment advisor Sergio Shalamov.

Note: This is not an investment advice.

Chat for investors: https://t.me/+lLbjdcohKhc5MDBi

Contact: @invoyager

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๐Ÿ‡บ๐Ÿ‡ธ#realestate #us #office #banks
Goldman: US office occupancy rate continues to decline, especially for high-end office space in central business districts

โš ๏ธ#SLG #FSP #CIO #ESRT
โš ๏ธ๐Ÿ‡บ๐Ÿ‡ธ#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 Fedโ€™s 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
โš ๏ธ๐Ÿ‡บ๐Ÿ‡ธ#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 itโ€™ll take 10 years
โš ๏ธ๐Ÿ‡บ๐Ÿ‡ธ#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 worldโ€™s empty office buildings have become a debt time bomb #world

#CIO
๐Ÿ‡บ๐Ÿ‡ธ#realestate #us #office #macro
US commercial property price index.

Based on the chart, a significant decline in US commercial real estate prices is likely to occur soon.

โš ๏ธ#CIO #SLG
โš ๏ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฌ๐Ÿ‡ง#realestate #uk #us
CoStar: demand for office spaces in UK and US = 20-year low

โ—๏ธ#CIO #ONL
๐Ÿ‡บ๐Ÿ‡ธ#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

โš ๏ธ#CIO #WE
โš ๏ธ๐Ÿ‡บ๐Ÿ‡ธ#realestate #us #office #warning
US commercial real estate delinquency rates hit 12-year high.
โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
ั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
๐Ÿ‡บ๐Ÿ‡ธ#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.
โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
earlier: the worldโ€™s empty office buildings have become a debt time bomb

โš ๏ธ#CIO #ONL #WE #EQC