A staggering $929 billion of commercial real estate (CRE) mortgages are on the brink of maturity in 2024, representing nearly a fifth of the sector's overall $4.7 trillion debt, data fromGoldman Sachsrevealed Wednesday.
This critical insight comes at a time when the CRE debt market grapples with double-digit interest rates, exceeding 12%, complicating refinancing efforts for industry players.
The big question that is looming: Will the CRE sector weather the storm, or will the ticking debt time bomb detonate widespread financial spillovers?
2023: A Year of Dwindling Transactions and Rising Delinquencies
The U.S. CRE market's transaction volumes have plummeted...
Login or create a forever free account to read this news
Sign up/Log in