CMF Newslinks Archive

“The commercial real estate space still shows a healthy upward pricing pattern, though the market has been unable to keep up with the trends we reported in August, when we saw increases across all five property segments.”
–Chris Muoio, Senior Quantitative Strategist with Ten-X, Irvine, Calif.

“The commercial mortgage-backed securities market is seeing far more loans paying off and paying down than new loans being originated.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The pause in the upward momentum of the [commercial mortgage-backed securities] delinquency rate is a positive sign for investors.”
–Manus Clancy, Senior Managing Director with Trepp, New York.

“Portland’s [Ore.] fundamentals are strong and while we’re starting to see pricing and rents rise, the yields look good on a relative basis and investors believe the market will see more growth compared to other West Coast cities. Historically, Portland is a less actively traded market and investors are vetting how they can gain exposure. Plus it has the cool factor–at the end of the day, businesses and people want to be here.” –JLL Senior Vice President Paige Morgan.

“For most capital sources, commercial and multifamily mortgage delinquency rates are near the lowest levels seen during the past 20 years. Strong property fundamentals, rising property values and solid mortgage availability are all supporting these rates.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“We anticipate that favorable leasing fundamentals for the office sector will be ongoing through year-end 2016, and although select markets may experience some delay in office lease executions until after the [presidential] election is decided, this situation should have minimal impact on market conditions into 2017.”
–Avison Young President of U.S. Operations Earl Webb.

“The death of the suburbs is greatly exaggerated. Despite what we often hear, more people across all age cohorts–including millennials–are still migrating out of cities and to the suburbs.”
–Darin Mellott, director of research & analysis with CBRE.

“Cloud services, digital content and new data sovereignty laws are setting the data center market on fire. Demand is historically strong, so the onus is on the data center operators to build space fast enough, while also accommodating shorter, more flexible lease structures that have become highly popular as data strategies have evolved.”–Bo Bond, Central Region Lead with JLL’s Data Center Solutions Group.

“Borrowing and lending backed by commercial and multifamily properties remained strong during the second quarter. Low interest rates combined with strong commercial property market fundamentals to further support lending and to keep overall borrowing levels on pace with last year’s strong level.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“While we’ve had some shocks to the global economy, the U.S. economy still is moving along at a slow and steady space, and that will sustain industrial demand. Retail sales have been above expectations, posting pretty strong gains in April and May. That will help both the retail and industrial sectors.”
–CBRE Chief Economist for the Americas Jeffrey Havsy.