Lenders Warn Commercial Real Estate's 'Day Of Reckoning' Is Close At Hand

Soaring 10-year Treasury yields have thrown ice-cold water on CRE’s typically unrelenting optimism.

The key economic benchmark hit 5.3% on Wednesday afternoon, reaching its highest level since 2002 at the end of its biggest quarterly increase since 1994. As the 10-year climbed, some of the industry’s largest players — already battered by high construction costs, inflation and geopolitical upheaval — watched the historic upswing from Bisnow’s National Commercial Real Estate Finance Event and agreed that times were about to get a lot tougher...

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RSK: This is a conundrum for sure. But when oil prices drop I believe it will resolve itself to somewhat normal. But, the economy keeps rolling on even with higher interest rates