Commercial Real Estate bust

By Edward Harrison On Apr 22, 2008

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.

Housing property

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

Bob says 16 years ago

We have noticed the slowdown in the East Bay area of California. Many malls and strip malls have lots of space.

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