US office real estate prices headed for ‘severe crash,’ investors say
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Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- US office real estate prices headed for ‘severe crash,’ investors say
- The commercial real estate market is headed for a severe collapse due in large part to sky-high interest rates and declining property values, according to a survey of investors.
- Around two-thirds of those who responded to a Bloomberg News survey said they believe that the commercial real estate market will recover only after a crash.
- When asked when they believe the price of office properties will hit bottom, 44% said they expect that to happen in the second half of next year while 22% said it will be in the first six months of 2024, according to Bloomberg News.
- Investors expect commercial real estate prices to crash, according to a recent survey. Shutterstock
- Investors are bracing for a possible crisis triggered by default on $1.5 trillion in debt that is coming due by the end of 2025.
- Just 6% of the 919 respondents said that prices would bottom out this year
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