Of all the economy’s looming threats, Elon Musk says the state of the commercial real estate debt market is “by far the most serious.”
On Sunday, the Kobeissi Letter, a newsletter focused on global capital markets, tweeted that over the next five years more than $2.5 trillion in commercial real estate debt will mature—claiming that that’s far more than in any other five-year period in history. All the while, rates have more than doubled and, the Letter claims, only 60-70% of commercial real estate is occupied.
