US commercial real estate grapples with a looming $1.5 trillion ‘maturity wall’ in the next three years amid declining office space demand due to widespread work-from-home trends.
"US [commercial real estate] companies face a 'maturity wall' of more than US$1.5trn over the next three years, in addition to the US$700bn that was due to mature in 2023."@darioperkins pic.twitter.com/W78jmf5BTX
— Daily Chartbook (@dailychartbook) December 4, 2023
Demand for office space in major cities across the world is set to plunge thanks to the shift to WFH.
via @darioperkins pic.twitter.com/9tDqY6VdD3
— Daily Chartbook (@dailychartbook) December 4, 2023
Sending dollars overseas for Chinese goods & Middle East oil seemed like a great plan but when those dollars flowed back they went right into housing, farms & commercial property
So what do those dollars flow into now that the Fed has made housing unaffordable & killed offices? t.co/i2O3fiL2NI
— Financelot (@FinanceLancelot) December 4, 2023