The commercial real estate industry is in the throes of a painful adjustment to higher borrowing costs and lower occupancy rates.
"There's no question that the real estate market, and in particular commercial real estate, has come under pressure," he said in the interview on CNBC's"You'll see some impairments in the lending that would flow through our wholesale provision" this quarter.
On top of Goldman's lending activities, it also took direct stakes in real estate as it ramped up its alternative investments in the last decade, Solomon said. While the write-downs are "definitely a headwind" for the bank, they are "manageable" in the context of Goldman's overall business, he said.
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