Commercial Real Estate Under Pressure

IMF Podcasts

English - March 29, 2021 00:31 - 19 minutes - 17.9 MB - ★★★★ - 48 ratings
Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Google's Ruth Porat with David Miliband and Kristalina Georgieva on What's Next

Next Episode: Kristalina Georgieva: A Time of Promise and Danger

2020 was a record-breaking year for housing markets in many countries- including the US, but for the commercial real estate sector, it was a completely different story. Lockdown and containment measures severely affected economic activity, pushing down commercial property transactions and prices in cities around the world. A new analytical chapter in the IMF Global Financial Stability Report looks at how continued downward pressure on prices could threaten financial stability and hamper the recovery. In this podcast, lead author Andrea Deghi and team lead Mahvash Qureshi say vacancy rates of office space in the US almost doubled in 2020 due to people having to work from home, a trend likely to continue well beyond the pandemic.

Read the analytical chapter: https://www.imf.org/en/Publications/GFSR/Issues/2021/04/06/global-financial-stability-report-april-2021

Read the blog: https://blogs.imf.org/