John Toohig, Thomas LaSalvia, and Victor Calanog discuss the challenges and opportunities in commercial real estate (CRE) due to the recent interest rate shock. They analyze the decline in CRE prices, the uncertainty in the office sector, low payoff rate in CMBS universe, importance of loan-to-value ratios and cash flow, and hedging interest rate risk. They also discuss the state of the multi-family market and rising insurance costs, along with uncertainties and struggles in investing and banking.
