Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months.
Just recently PWC’s real estate practice published a report called “The 2021 Emerging Trends,” which shows city ranks have changed a great deal since the coronavirus outbreak. For instance, for a number of years, the city of Seattle was a top ten city for real-estate investment but after Covid-19, it dropped to No. 34 in terms of ratings with other American cities.
One of the biggest issues major cities like Seattle, Boston, New York, L.A., Atlanta, and many more cities face, is the mounting commercial real estate (CRE) losses looming on the horizon.
For instance, on November 11, 2020, columnist