There's a lot of concern about commercial real estate in the industry, in the press, among experts. Is it as bad as all that? Depends on whom you ask and what type of property you mention.
Colliers U.S. CEO Gil Borok was recently on CNBC with a view on the cautiously rosier side. When asked if many were overstating worries about debt maturities and repayments, he said he thought so.
"There's no question that there's going to be distress coming," Borok said. "The signs are all there. But I also think that we will see banks and other lenders continue to work with borrowers to work through the situation and we've seen that historically. The sort of doom and gloom out there, it's not to make light of it, but it is to say that there are pathways that will be less drastic than what we are hearing in the media today."
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