This podcast episode provides a comprehensive overview of the challenges facing the commercial real estate (CRE) market. The maturing of $1.5 trillion in CRE debt by the end of 2025 and changing regulatory landscape for regional banks pose significant challenges for lenders. Additionally, the shift towards remote work has led to a secular decline in demand for office space, creating difficulties for property owners and their financing arrangements. The resolution of these challenges is not expected to be swift, and the potential systemic impact depends on the definition of systemic risk.
