the most significant factors contributing to the collapse of CRE is the series of rate hikes implemented by the Federal Reserve
Developers have built more commercial properties than the market can support, leading to an excess of supply. As a result, the value of these properties has decreased, and many investors are left with properties that are difficult to sell or lease.
Work From Home has led to a decrease in the need for large office spaces. Additionally, the rise of e-commerce has caused a decline in the demand for brick-and-mortar retail spaces, which has further impacted the CRE market.