According to the WSJ, commercial real-estate (CRE) insurance costs have risen 7.6% annually on average since 2017. Citing data from Moody’s Analytics, natural disasters, inflation, and a shrinking reinsurance market have pushed insurance premiums to record levels. This is squeezing commercial property owners, amid shrinking values and rental incomes.
Rising Insurance Costs Adding to CRE Challenges
Published on September 29, 2023
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