Bankers say CRE market on safe ground – for now
Risk Live: But higher rates may threaten weaker properties
Commercial real estate market, hard hit by the empty offices that were left behind by the pandemic, is holding its own at the moment, bankers say. But they fear rising rates could make it difficult for some landlords to sustain repayments.
Malcolm Griggs, chief risk officer at Citizens Financial Group, said concerns about the amount of commercial real estate in banks’ portfolios were overblown.
“People get all worked up about the office exposure that banks have and I think it’s a little
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