Commercial mortgages account for almost 40% of bank holdings in the US. Commercial real estate used to be something that was a great asset. Now that is not the case anymore. You're already starting to see companies defaulting on their debt. And that's only going to start the pile on when you think about companies having to decide are they keeping this office space or not.
President Biden announces he’s seeking another term, several people are arrested after protests at Montana’s State House, and vacant office space has reached the highest level in the country’s history. Get the facts first with Morning Wire.
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