Over a trillion dollars in equity wiped out as China, Canada dump commercial property. Who’s next?
China and Canada are major sellers of commercial real estate in key cities such as New York, Los Angeles, and London.
Even prime properties, such as in Lower Manhattan, are being dumped at huge discounts. This is wreaking havoc with landlords, lenders, and municipal governments who are marking down the values of buildings, loans, and tax assessments.
Over a trillion dollars in global equity has already been wiped out, but we are only in the early stages of what will be a long and deep depression in the commercial property market, especially in major US cities. Office utilization rates have not come close to pre-pandemic levels. Since, spiraling crime rates, homelessness, shoplifting, and migrant crises in the US and Europe have plagued the inner cities, pushing other businesses out. Soaring borrowing costs are also creating huge problems for the large volume of CRE loans that must be rolled over in 2024-2026.
Making these problems worse still, is how the collapsing downtown property v
0 views
0
0
6 days ago 00:09:06 0
My favorite Japanese sardine dish(Kabayaki). Crispy and delicious!
6 days ago 00:05:49 14
MARTA SOS vs RUBY MESU | LFL18 | MMA Full Fight
6 days ago 00:43:21 0
СЕКРЕТ стилизации ФУТОБОЛКИ на лето/THE SECRET of styling a T-SHIRT #мода #стиль #fashionstyle
1 week ago 00:02:19 0
Wednesday: Season 2 | Official Teaser Trailer | Netflix
1 week ago 00:03:19 0
NECRO - BEAUTIFUL MUSIC FOR YOU TO DIE TO
1 week ago 00:07:01 0
Daffodils in a Coffee Pot, Oil Painting Demonstration
1 week ago 00:03:19 3
Azerbaijan Arrests Journalists, Russia Threatens Consequences! | Putin | Baku | World News | ET Now
1 week ago 00:04:41 24
Rammstein - Ausländer (Official Video)
2 weeks ago 00:05:42 20
Poppy Swinnerton vs Valentina Pensavalle | Fight Night, Cardiff | Juniors Female Super Fight
2 weeks ago 00:22:43 1
UFO Outbreak in Australia! PLUS, Tic Tac UAP filmed Down Under!
2 weeks ago 00:03:30 0
This $900 Light Bucket Sees Galaxies?! | Sky-Watcher 10“ Dobsonian Telescope Review (S11620) - YouTube
2 weeks ago 00:05:19 4
Love Punishment - Esso Mandela - Album: Electro Symphony
2 weeks ago 00:00:16 1
Women Office Suits Set Professional Female Business Lady boss Suit Designer Tailor cloth 2506305
2 weeks ago 00:00:29 0
Women’s Silk Dresses Summer Fashion casual Maxi Wedding Guest daily Beach plus size Long 2506304
2 weeks ago 00:03:02 2
Stay With Me - Esso Mandela - Album: DeepHouse Odyssey
2 weeks ago 00:00:29 0
Women’s Silk Dresses Summer Fashion casual Maxi Wedding Guest daily Beach plus size Long 2506303
2 weeks ago 00:04:36 2
Nothing Is Real - Esso Mandela - Album: DeepHouse Odyssey
2 weeks ago 00:00:15 0
Women light Down Coats for Winter Doudoune Femme Puffer Down Jacket Clothes Parkas Overcoats2506301
2 weeks ago 00:03:58 0
This Dual Monitor Arm Fixed My Productivity Issues– Ergotron LX Pro Review (Why Didn’t I Buy Sooner) - YouTube
2 weeks ago 00:00:22 0
Women’s jeans cotton Dresses Summer Fashion casual Maxi Wedding daily Beach plus size Long 2506301