Deutsche Bank Sees More Headwinds From Commercial Real Estate

Deutsche Bank AG expects headwinds to continue in commercial real estate markets, with weaknesses especially pronounced in the US where leasing activity is slower and vacancy rates are higher than in Europe.

The lender had set aside €664 million at the end of last year for expected credit losses from commercial real estate, a 44% increase from 2023, as the office market continues to struggle, it said in its annual report published Thursday.