Commercial Real Estate Crisis: Fading Downtown Construction, Global Ripple Effects, and Biden-Harris Conversion Initiative

The commercial real estate market is in crisis as fading downtown construction reflects economic struggles. The crisis is global, with declining values and challenges from remote work. Retailers like Big Lots, Express, and Children's Place add to the trouble. Real estate luminary Hana Cha discusses the Biden-Harris administration's commercial-to-residential conversion initiative. Stay informed about the challenges facing the industry and the potential economic consequences with Simply C.R.E.

Sources:
https://www.insurancejournal.com/news/national/2024/02/14/760642.htm
https://www.gulf-times.com/article/677300/opinion/commercial-real-estate-crisis-ripples-across-the-world
https://www.marketwatch.com/story/big-lots-express-and-childrens-place-could-spell-more-trouble-for-commercial-real-estate-barclays-says-324f73cb
https://www.digitaljournal.com/business/real-estate-luminary-hana-cha-discusses-biden-harris-administrations-commercial-to-residential-conversion-initiative/article

Outline:
(00:00:00) Introduction
(00:00:41) Commercial Real Estate Trouble Evident in Fading Downtown Construction
(00:03:33) Commercial real estate crisis ripples across the world
(00:06:38) Big Lots, Express and Children’s Place could spell more trouble for commercial real estate, Barclays says
(00:08:30) Real estate luminary Hana Cha discusses Biden-Harris administration’s commercial-to-residential conversion initiative