Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore
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Global Impact and Risks in Commercial Real Estate
This chapter explores the risks faced by financial institutions and lenders worldwide due to the empty-office problem in commercial real estate. It discusses notable examples, such as New York Community Bank and Ozora Bank, which have suffered losses tied to US commercial real estate and raises concerns about bad loans. Additionally, it examines the implications for the US banking industry and speculates on potential beneficiaries.
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