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Sizing the Commercial Real Estate Bust

Updated: Jun 9, 2020

"You pass the Helmsley Palace, the shell of old New York transparently veiling the hideous erection of a real estate baron..."

Jay MacInerney

Bright Lights, Big City (1984)

New York | So how big is the impending commercial real estate bust in the US? Bigger than the residential mortgage bust of the 2000s and also bigger than the commercial real estate wipeout of the 1990s, including the aftermath of the Texas oil boom of the late 1970s and 1980s.