Commercial Real Estate Crisis Looms as Vacancies Rise and Rents Plummet
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Commercial real estate, especially office space, faces crisis - rents way down, vacancies way up.
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Owners can't pay mortgages, banks at risk, reminiscent of 2008 crash.
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San Francisco hit hard - downtown vacancies highest in U.S.
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Small, community banks less exposed than big lenders to commercial real estate.
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Fed Chair says larger banks have "manageable" exposure, but smaller banks face challenges.