Story by firstname.lastname@example.org (Zahra Tayeb)
- Commercial real estate may suffer a worse crash than 2008, warns Morgan Stanley Wealth Management.
- Prices could drop up to 40% from their peak as hybrid working and higher interest rates bite.
- Landlords, various lenders, and business communities all stand to lose from the downturn.
Commercial real estate prices could plummet as much as 40% from their peak in a worse crash than the 2008 financial crisis, according to Morgan Stanley Wealth Management’s chief investment officer.
The grave outlook is based on a raft of headwinds buffeting the commercial real estate sector, including the work-from-home trend and higher interest rates making it harder for investors to refinance a mountain of looming debt.
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