"Commercial and multifamily mortgages continued to perform well through the third quarter. A much smaller share of loans backed by the property types hardest hit at the onset of the pandemic--lodging and retail--were delinquent. For those property types, very few new loans faced difficulties and lenders continued to work through those that had. Additionally, loans backed by property types that have been performing well throughout the pandemic including multifamily, industrial and office continued to see few delinquencies." --Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.

The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.