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Commercial real estate

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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Banks in Turmoil

Could commercial real estate be the next shoe to drop at regional banks?

by Matt Levin
Mar 27, 2023
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
"The banks have $270 billion of commercial real estate loans coming due this year," said Matt Anderson, a managing director at Trepp Inc.
Justin Sullivan/Getty Images
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Who still wants a "trophy building"?

by Matt Levin
Mar 10, 2023
The market for skyscrapers with great views and lush amenities is softening.
Office spaces with amenities like rooftop terraces and kombucha on tap may be on the chopping block for companies trying to rein in costs.
Ludovic Marin/AFP via Getty Images
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Some employees are coming back, but there's still a lot of empty office space out there

by Justin Ho
Aug 31, 2022
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
Many building owners are offering better deals to office tenants who might be on the fence about renewing their leases.
Spencer Platt/Getty Images
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Companies have another reason to let go of office space: a potential recession

by Matt Levin
Jul 5, 2022
If the pandemic didn't convince CEOs to get rid of costly in-person work environments, an economic downturn might do the trick.
Occupancy periods in leasing agreements shortened during the pandemic, which could expand the amount of unused office space in a few years' time.
Saul Loeb/AFP via Getty Images
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As more workers stay remote, developers eye the prospects of turning empty offices into housing

by David Wagner
Feb 2, 2022
In Los Angeles, where there's a housing crisis, the pandemic has some looking at the "adaptive reuse" of under-used office buildings.
Converting empty offices to residential spaces could provide a solution to cities' affordable housing crises.
Patrick T. Fallon/AFP via Getty Images
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Warehouse space snapped up as retailers stockpile supplies, goods

by Kristin Schwab
Jan 27, 2022
Storage prices are soaring, especially in locations near big ports and major metro areas.
To avoid supply chain crunches, some businesses are stockpiling goods and supplies — all of which need a place to be stored.
Chip Somodevilla/Getty Images
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Commercial real estate firms, co-working companies join forces

by Matt Levin
Aug 9, 2021
Commercial real estate company Cushman & Wakefield partners with WeWork, hoping to absorb some of that vacant office space.
Cushman & Wakefield's $150 million partnership with WeWork is the latest in a series of deals between commercial real estate firms and shared workspace companies.
Timothy A. Clary/AFP via Getty Images
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Warehouse space in high demand as companies shift to e-commerce

by Andy Uhler
Jun 23, 2021
The U.S. may need an additional 330 million square feet of distribution space by 2025 to handle the expected expansion of online sales.
As people are pivoting away from buying goods, retailers are faced with surplus inventory.
Oli Scarf via Getty Images
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