How the Iran Conflict and the World Cup are Impacting Real Estate
Greg Friedman on Schwab: Iran conflict pressures CRE; loan maturities through 2027 may force sales and refinancing. World Cup demand expected to boost hotels.
Schwab Network – Greg Friedman joins Nicole Petallides at the NYSE site with a deep-dive into the high rate environment facing investors right now. When looking at the 10-year Treasury rate which is "more than double pre-2022 average," Greg believes its reshaping valuations and refinancing dynamics. In the real estate realm, he sees uneven performance saying "90% of office vacancies are in just 30% of office buildings."