Joe Woolhead
- Commercial real estate prices are in the midst of one of the biggest drops in the past half-century, the IMF said.
- Property values have usually remained stable or saw a mild loss in previous rate hike cycles
- Today's price slump is on account of sharp monetary tightening, as well as remote work trends hurting office values.
US commercial real estate prices are enduring one of the sharpest drop-offs in the last half-century, easily topping losses seen in previous rate-hike cycles, the International Monetary Fund said.