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Elon Musk Joins CRE Doomsayer Chorus

Monday, Jun 19 2023
Commercial Lending
Written by  The Mortgage Leader

Billionaire Elon Musk has echoed the analysts and experts warning of problems in commercial real estate due to empty office buildings. So reports TheStreet.com.

elon musk g2976ec871 640Musk tweeted in response to a question that higher rates and weak office demand will further harm the sector.

Commercial real estate debt currently stands at $1.5 trillion, industry data show.

Read the full article from TheStreet.com.

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