Higher interest rates, tightening credit conditions, and elevated office vacancies are weighing down the $21 trillion commercial real estate sector.
Banks are facing mounting uncertainty as the commercial real estate sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines. Club names Wells Fargo and Morgan Stanley have bright spots in their operations that can offset potential weakness from CRE exposure.
Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021.Banks are facing mounting uncertainty as the commercial real estate sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines.
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