Commercial Real Estate bust
The bubble built in residential housing is quickly moving to commercial real estate. It stands to reason that commercial real estate should suffer if residential real estate does. Yet, those same financiers who brought us the housing bubble went into commercial real estate (CRE) loans en masse when things started to slow in the residential arena. Those chickens are coming home to roost.
The Guardian in the UK has a great article about the increasing number of spaces going unleased in America’s malls.