Iacono Says CMBS Market Needs to Reconcile Declining Office Property Values

November 15, 2023


Crescit Capital Strategies CEO Joe Iacono recently spoke with Commercial Property Executive about the CMBS market. He noted that while most lenders are still willing to defer payments on real estate loans coming due, they will soon need to reconcile that many office assets can no longer command pre-pandemic rents even as material capital expenditures are becoming more expensive.

Read his full commentary here.