IPFS News Link • Business/ Commerce
The Money Has Stopped Flowing in Commercial Real Estate
• Wall Street JournalCommercial real-estate lending is shrinking to historically low levels, threatening a rise in defaults on expiring debt and a sharp decline in new construction of warehouses, apartments and other property types.
Banks, insurance companies and other commercial property lenders have been cutting back since the first half of 2022 when the Federal Reserve began increasing interest rates and recession concerns intensified.