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Where is the bottom in US commercial real estate?

Bloomberg
Bloomberg • 5 min read
Where is the bottom in US commercial real estate?
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A slow-motion crisis is unfolding in the commercial real estate market, thanks to the double-whammy of higher interest rates and lower demand for office space following the Covid-19 pandemic.

John Fish, who is head of the construction firm Suffolk, chair of the Real Estate Roundtable think tank and former chairman of the board of the Federal Reserve Bank of Boston, joined the What Goes Up podcast to discuss the issues facing the sector.

Below are some highlights of the conversation, which have been condensed and edited for clarity.

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