Commercial Real Estate Collapse Triggering A Massive Wave Of Bankruptcies And Foreclosures

The ongoing retail apocalypse and the commercial real estate crisis are creating a domino effect of bankruptcies and foreclosures, and increasing socio and economic difficulties for workers while destroying several iconic businesses across the U.S. The huge rental debt load accumulated throughout 2020 and the high rates of vacancy in office and commercial space are weighting upon the real estate market, which was already on a path for a correction before widespread lockdowns slowed down economic activity and social-distancing mandates started to force workers to stay at home. Now, experts are warning that the multi-faced crisis the real estate market is currently facing might not only result in a crash, as it could potentially generate much more financial pain for the entire country in the months ahead. That’s what we investigate in this video. Reports displaying pictures of empty stores in previously scorching hot markets are becoming more frequent as the U.S. has been losing some of its most iconic busine