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Commercial Real Estate bust

The bubble built in residential housing is quickly moving to commercial real estate. It stands to reason that commercial real estate should suffer if residential real estate does. Yet, those same financiers who brought us the housing bubble went into commercial real estate (CRE) loans en masse when things started to slow in the residential arena. Those chickens are coming home to roost.

The Guardian in the UK has a great article about the increasing number of spaces going unleased in America’s malls.

About 

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.

1 Comment

  1. Bob says:

    We have noticed the slowdown in the East Bay area of California. Many malls and strip malls have lots of space.