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Sinopsis

The commercial real estate market is in for a rough ride this year. Many mortgages become due in 2023, and refinancing could be impossible for some property owners because of high interest rates. That situation is expected to shake things up a bit, and lead to more defaults, subleasing, and vacancies. As a MarketWatch headline suggests: “The party is over in commercial real estate.” (1)   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Lenders say there’s an estimated $450 billion worth of commercial real estate loans coming due within the next four years. Property owners will be forced to refinance at much higher interest rates, for properties that may have also lost value. It’s a double whammy that could result in property sales and/or bankruptcies.   Higher Rates & Lower Valuations   And that’s not including a decline in lease renewals, which is already happening. You may have seen headlines about some of the big tech c