Real Estate Daily Report

Commercial real estate is feeling the pain of higher rates and tighter credit

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The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit

The commercial real estate market is showing signs of weakening, demonstrated by the pressures being felt by two of the market's largest players amid higher rates and tighter financial conditions. in the world, saw a major decline in distributable earnings as the demand for commercial real estate properties faltered in the last year. According to the asset manager's latest financials, profits from the sale of assets fell to $4.4 billion over the last quarter, down 54% from $9.

Meanwhile, another real estate giant, Brookfield Corporation, defaulted on $161 million in commercial real estate debt tied to office properties,

 

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