Empty real estate is a big problem.
— Joe Consorti ⚡ (@JoeConsorti) May 11, 2023
No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.
As cash flows from empty properties dry up, loans will be defaulted on — wiping out many of the small banks who wrote them: https://t.co/MZiyTiHCtz pic.twitter.com/wf3pjLGzb5
Showing posts with label — Joe Consorti ⚡ (@JoeConsorti) May 11. Show all posts
Showing posts with label — Joe Consorti ⚡ (@JoeConsorti) May 11. Show all posts
Thursday, May 11, 2023
No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.
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