Commercial Real Estate Investment Market In Bay Area Worst In The Country

“The Bay Area was ranked first on a list of 10 markets that lenders are most concerned about in terms of performance in 2023, according to a report released by real estate firm CBRE this month.  Phoenix and Portland rank No. 2 and 3, respectively, with Western markets Las Vegas, Los Angeles and Portland also appearing on the list. . CBRE’s report ranked Miami/South Florida, Raleigh-Durham and Atlanta as the most preferred markets in 2023.  Lenders’ top three concerns were rising interest rates, fear of a recession and uncertainty about property valuations. Other worries include declining fundamentals; inflation; the shift in credit availability and loan terms; a mismatch in buyer and seller expectations.” San Francisco Business Times Jan. 13, 2023