Wells Fargo CEO Warns About Weak CRE

“The commercial real estate office fundamentals have not changed and remain weak…we’re 18 months into seeing the losses materialize…we still have quarters to go. We expect the market for office space will remain challenging for several years…” according to Wells Fargo CEO Mike Santomassimo.  San Francisco Business Times 1/30/5 So tenants should take advantage of the market and sign low, long-term leases to lock in rental savings to their advantage!