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Challenges in Commercial Real Estate
This chapter examines the current challenges in the commercial real estate market, particularly focusing on the impact of rising interest rates, recent loan maturities, and differing expert opinions on the market's future. It highlights the difficulties property owners face with refinancing amid higher cap rates and the effects on various asset types, especially in the office and hotel sectors. Additionally, the chapter considers the cautious lending landscape and the likelihood of a prolonged recovery for the market moving forward.