The Different Environment of the Office Market

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Sam Chandon is the founding director of the Chen Institute for Global Real Estate Finance at NYU Stern. He says we've seen distress start to hit the office market, but banks aren't rushing to foreclose on everything. In many circles, folks would describe it as an existential crisis for the office sector, he says.

As distress descends on commercial real estate, Deconstruct analyzes how past financial crises can inform how borrowers, banks and policy makers handle this down cycle. Guests include: Bob Knakal, JLL Senior Managing Director, Head of New York Private Capital Group; and Sam Chandan, Professor of Finance and Director of the Chao-Hon Chen Institute for Global Real Estate Finance at the New York University Stern School of Business.