What do we know about the "thunder" of commercial real estate in Europe and America? Due to the fact that commercial real estate is mostly owned by private individuals or private institutions, it is not until the "thunder", or even after banks disclose their financial reports, that the market can know how serious the situation is; Considering that 2024 is also a small peak for commercial real estate debt and loan maturity, coupled with the disappointing expectations of the Federal Reserve's rapid interest rate cuts, it is feared that more people will face difficult choices.