While the commercial market suffered in the first quarter of the year, Newmark Knight Frank CEO Barry Gosin told CNBC that leases are being signed once again. “It was a pretty bleak first quarter,” Gosin said. But the second quarter gave way to some improvement: “at least businesses are more confident to make decisions so leases are being signed.” The burning question at this moment is how refinancing options — or a lack thereof — will affect commercial market stability. “With everything assaulting the banks, they’re still hoarding cash and as a result they’re very easily going to roll over some of these loans,” Gosin said.
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Impact of refinancing options unclear, Newmark’s Gosin says
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