Thompson Coburn’s Mark Indelicato, managing partner of the firm’s New York office, and associate Danielle Ullo wrote a new article in Chain Store Age, shedding light on recent economic impact on commercial real estate and the restaurant industry.
“The past four years have been difficult on both industries, but as inflation begins to slow and a door opens to a potential interest-rate cut, they may finally see some relief,” they wrote.
Potential mortgage defaults in commercial real estate were a key focus. “Banks have begun offloading their portfolios of commercial real estate loans amidst concerns that struggling office buildings will not be able to meet their mortgage obligations.” Similarly, “the restaurant industry faces parallel challenges, grappling with rising operational costs and dwindling consumer demand.”
They noted that “while challenges persist, there are promising signs of adaptation and resilience within both sectors.”
Original source can be found here.