The bank "crisis" in the office sector is not necessarily as extreme as some make it, according to Alan Pontius, National Director, Office and Industrial Division, Marcus & Millichap.
Speaking during a news video produced by his firm, Pontius said bank exposure to commercial real estate debt is only 25% of the entire banking system's total loan portfolio.
If you look further at office debt as a percentage of that commercial real estate, it's just under 15%, meaning that bank exposure to office loans within their entire portfolio of debt is less than 4%.
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