Total commercial real estate mortgage borrowing and lending fell to $816 billion in 2022, an 8 percent decrease from the record $891 billion in 2021 but a 33 percent increase from $614 billion in 2020, the Mortgage Bankers Association reported Thursday.
Category: News and Trends
Zillow: Rents Climb Modestly in March, Continuing Their Soft Landing
Apartment asking rents climbed 0.5%, or $9, from February to March, reported Zillow, Seattle.
Single-Tenant Net Lease Cap Rates Increase
Single-tenant net lease cap rates increased for the fourth consecutive quarter, the Boulder Group reported.
ULI: Office Sector in ‘Full State of Flux’
Offices are here to stay, but the sector is in ‘a full state of flux,’ said the Urban Land Institute, Washington, D.C., and Instant Group, London.
KBRA: Lodging Loan Performance Clouded by Upper-Upscale Chains
U.S. hotels have performed well overall since the pandemic, but upscale properties report higher commercial mortgage-backed securities delinquencies than more modest hotels, reported KBRA, New York.
Life Sciences Properties Prove Resilient
Life sciences real estate assets are proving resilient during the current economic slowdown, reported CBRE, Dallas.
Dealmaker: Marcus & Millichap Closes $18M in Property Sales
Marcus & Millichap, Calabasas, Calif., closed two property sales in Washington and Ohio totaling $17.7 million.
Commercial and Multifamily People in the News April 13, 2023
Personnel News from BWE, CBRE, Merchants Bank of Indiana.
CMF Quote of the Week: April 13, 2023
“Borrowing and lending backed by commercial and multifamily properties started 2022 strong but then dropped off because of rising interest rates, uncertainty about property values and increased questions about the economy and some property fundamentals.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research
MBA CREF Policy Update April 13, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.