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Commercial real estate

With commercial real estate set for another tough year, some small banks are worried

by Justin Ho
Jan 17, 2024
Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.
Plenty of companies are planning to downsize their office space, which worries lenders that have a lot of commercial real estate debt on their balance sheets.
David McNew/Getty Images
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A new wave of office downsizing could hit this year

by Meghan McCarty Carino
Jan 16, 2024
Commercial leases are typically five years or longer, so those who signed before the pandemic might be making exit plans.
A recent survey of 500 businesses found three-quarters of them plan to shrink their offices this year, according to data from Robin, a flexible work software platform.
Portra/Getty Images
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In Shanghai, vacant storefronts abound, but it's still a struggle to find space

by Jennifer Pak
Jan 9, 2024
China's housing bubble has popped, and the commercial property market is going through a rough patch.
For lease signs are posted on an empty Shanghai coffee shop. The commercial property market is going through a transition after the city's severe pandemic lockdown.
Charles Zhang/Marketplace
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Banks in Turmoil

Could commercial real estate still tank regional banks?

by Matt Levin
Dec 21, 2023
A new study says that 300 regional banks are at risk of collapse because of the high number of vacancies in office buildings.
The delinquency rate on office loans tripled this year, says Trepp's Stephen Buschbom.
Charly Triballeau/AFP via Getty Images
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WeWork could declare bankruptcy anytime, but how is it still around?

by Meghan McCarty Carino
Nov 1, 2023
The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors' cash.
WeWork’s business model has always been shaky, says professor Erik Gordon at the University of Michigan.
Justin Sullivan/Getty Images
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Here's what might happen if all that open office space stays empty

by Sabri Ben-Achour , Alex Schroeder and Erika Soderstrom
Jul 20, 2023
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Office building vacancies are climbing, property values are sagging. That might have implications for all of the investors tied up in commercial real estate debt.
Andrew Caballero-Reynolds/AFP via Getty Images
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San Francisco's mayor challenges the public perception of her city

by David Brancaccio , Meredith Garretson and Erika Soderstrom
Jul 18, 2023
San Francisco's empty office buildings and fleeing retailers have been in the news. London Breed challenges that narrative.
Increasing housing production, Mayor London Breed says, is one of her main focuses. She also says San Francisco has to get creative with how to repurpose vacant office space.
Justin Sullivan/Getty Images
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The financial consequences of empty offices

by David Brancaccio , Alex Schroeder and Erika Soderstrom
Jul 13, 2023
Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
Almost every company is reevaluating its relationship with commercial real estate, says Aditya Sanghvi of McKinsey.
Justin Sullivan/Getty Images
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Defaults on commercial real estate loans are rising as many workers stay remote

by Henry Epp
Jun 5, 2023
More than 3% of such loans are now delinquent.
Renters may be able to get a better deal on office space right now — but many are sticking to the sidelines.
Justin Sullivan/Getty Images
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Banks in Turmoil

Fewer cranes on the horizon? Banking tumult could slow nonresidential construction

by Stephanie Hughes
Mar 28, 2023
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Cranes on a construction site in southeast Baltimore work to build office space. Spending for non-residential projects is up nearly 16% in the past year, according to the Census Bureau, and that is due in part to rising building costs.
Stephanie Hughes/Marketplace
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