Is Commercial Real Estate on Shaky Ground?

David Hagee, Chief Investment Officer Eric Simpson, Senior Fixed Income Credit Analyst
April 10, 2023

Shifting economic conditions and a tightening lending environment are creating headwinds for the commercial real estate sector. These challenges include a growing number of property owner defaults, an overwhelming surplus of office space and nearly $150 billion in office leases set to mature over the next two years. Is commercial real estate on shaky ground? We discuss in a new episode of the Conversations with Commerce Trust podcast.

Also, we invite you to read our companion commentary that explores the good, the bad and the ugly of the real estate sector.

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david hagee commerce trust
David Hagee Senior Vice President, Chief Investment Officer Commerce Trust 
David is the chief investment officer for Commerce Trust and of Commerce Investment Advisors, Inc., the SEC-registered advisor to the Commerce Funds mutual fund complex. Upon gaining a thorough understanding of a client’s needs and goals as well as assessing the client’s entire financial situation, he works with our investment research team to construct a portfolio to help clients achieve their long-term goals.

David has been with Commerce Bank for 23 years. During which he worked as a portfolio manager with private and institutional clients before becoming the director of portfolio management for the eastern region. 

David earned his Bachelor of Arts from Washington University in St. Louis. Additionally, he is a member of the CFA Institute and the St. Louis Society of Financial Analysts as well as a board member and Treasurer of Aim High St Louis. He serves as the President of the Investment Committee of the Center of Creative Arts (COCA) and serves on the investment committee of Forest Park Forever and the International


Eric Simpson Fixed Income Investment Analyst Commerce Trust
Eric is an investment analyst for Commerce Trust Company. His primary focus iswithin the corporate fixed income market where he uses fundamental and technical analysis to recommend securities for client’s portfolios. He has a deep understanding of fixed income markets and fixed income portfolio construction, which allows him to serve clients needs and help achieve their objectives.

He joined Commerce in 2015 as a manager research analyst and has held several different analyst positions
that have helped foster a solid analytical foundation and give him a unique skill set to help clients understand the changing dynamics of the investment universe.

Eric graduated from Saint Louis University in 2012 with a Bachelor of Science in Economics. He is a CFA Charterholder and a member of the St. Louis CFA Society.