A large number of older offices will fail to lure back workers in the post-Covid era, making them less attractive to occupiers and spurring a wave of defaults, according to Daniel McNamara, founder of Polpo Capital Management.
The Federal Reserve’s February 2023 Beige Book numbers show commercial real estate lending has remained stable. Placer.ai reported falling foot traffic at malls last month. These are among today’s must reads from around the commercial real estate industry.
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