- A real-estate recession is coming as commercial property will be the next domino to fall, according to top execs.
- “That’s the next shoe to drop in the US. Like everything else, it has been priced so tightly,” Apollo’s co-president told the FT.
- Tighter credit conditions and remote-work trends are among factors disrupting the commercial property industry.
Brace for a real-estate recession as commercial property will be the next domino to fall in the US economy, according to top executives at Guggenheim Partners and Apollo Global Management.
“We’re likely going into a real-estate recession, but not across the entire real estate market,” Guggenheim Partners chief investment officer Anne Walsh told the Financial Times. “Lenders will be very choosy about what loans they are willing to make,” she added.
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