Zero Hedge has a post talking about the Wuhan disaster occurring in the commercial real estate market.
Bankruptcy Tsunami Begins: Thousands Of Default Notices Are “Flying Out The Door”
The total impact of the virus on the commercial real estate landscape isn’t known. However, between the work from home movement, home school movement, and realization that urbanization isn’t the end all be all, we might see a significant number of prime properties hit the market at bargain basement prices. Unlike prior real estate crashes, this one might end differently.
