Bloomberg / May 25th, 2021
Bloomberg reports: It’s been obvious since the pandemic struck that commercial real estate would be hit hard. The demand for office, retail, and hotel space has been crimped more or less permanently by Covid-19, which taught people to do many things online instead of in person. A worker whose skills are no longer needed can switch careers, but a building will always be just a building—a brick-and-mortar sitting duck.
View the full article on Bloomberg: Distressed Commercial Real Estate Is Still Sitting In Purgatory