Commercial Real Estate Crash: “Extend and Pretend” Is Over

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Lenders are finally calling in billions in troubled commercial real estate loans — and the era of “extend and pretend” is ending. Citing new reporting from The Wall Street Journal, Chris explains surging defaults, collapsing office demand, and why hybrid work may have permanently changed the market.
What happens next? Foreclosures, falling property values, and the rise of “zombie” office buildings — with major consequences for banks, cities, and the economy.