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4min chapter
The Impending Commercial Real Estate Crash
Let's Appreciate
The Fed-Bracing Rates and the Commercial Real Estate Crisis
Office values fell 30%. Apartment building prices have declined 21%. malls are off 18%. Office prices are expected to fall more than 25% in Europe, 13% in the Asia Pacific region. Blackstone says that US offices are less than 2% of its global portfolio down from 60% in 2007.
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