Denver, Dusseldorf Whether in Manhattan’s Midtown office district, in the center of San Francisco or in smaller metropolises such as Dallas, Chicago and Denver – the signs are everywhere. “Office space for rent” is emblazoned on them in large letters. According to data from the rating agency Moody’s, vacancies are at their highest nationwide since the 1980s. After the bankruptcy of the Silicon Valley Bank (SVB), there is growing concern in the USA that loans for office and commercial real estate could become the new big problem for the banks.
A number of factors come together here: Regional banks are the most important lenders for commercial real estate in the USA. They hold nearly 70 percent of those loans on their books, according to an analysis by Bank of America.
>> Read here: All news about the banking crisis
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