The Financial Stability Oversight Council has just issued its annual report on the risks to the US' financial stability. One of the dangers it is concerned about is a collapse in the US commercial real estate market.
The picture it paints is a dire one for CRE and not necessarily reflective of the view of many industry research teams.
The FSOC notes, for example, "The shock to CRE has been large, with the hotel and retail sectors suffering the most significant near-term losses. Considerable uncertainty remains regarding the long-term recovery prospects for a wider range of property types."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
