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Commercial Real Estate: US: Difference between revisions
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https://www.cushmanwakefield.com/en/united-states/insights/obsolescence-equals-opportunity | https://www.cushmanwakefield.com/en/united-states/insights/obsolescence-equals-opportunity | ||
== Refinancing Risks == | |||
[[File:CRE6.png|thumb|CRE DEBT Maturities]] | |||
More than 50% of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are likely to be up by 350 to 450 basis points. MS & Co. analysts forecast a peak-to-trough CRE price decline of as much as 40%, worse than in the Great Financial Crisis. <ref>https://finance.yahoo.com/news/morgan-stanley-analysts-forecasting-something-191335936.html</ref> | |||
* Roughly $400-450bn worth of CRE loans are scheduled to mature in 2023. This is on par with 2022, and both of those years are the largest on record. From there it doesn't get any easier, as maturities climb each year until 2027, reaching over $550bn. | |||
== Defaults == | |||
== Bank Exposure == | |||