In this article, you'll learn:

• The First Republic Bank crisis exposes risks in CRE due to remote work.
• Tenants gain leverage as vacancies rise and landlords struggle.
• Banking issues may slow CRE development with tighter lending.
• How tenants can protect leases and prepare for landlord defaults.

The WFH Revolution has fundamentally transformed the commercial real estate industry, leaving landlords and tenants alike struggling to adapt to a new normal. The once-booming industry is now facing a time of unprecedented volatility, with occupancy rates plummeting and investors pulling out of the most significant REIT firms. Against this backdrop, a midsize bank, First Republic Bank, was recently bailed out by a joint rescue deposit from the 11 largest banks in the country, underscoring the looming danger for the commercial real estate industry. 
The worst part is? Bailouts like this were most likely only a matter of time… and a greater indicator of what’s to come. Read on.