CMBS volume is expected to hit lows not seen since 2012.
Kroll Bond Rating Agency expects CMBS volume to end 2020 between $53 billion and $55 billion, which is well below the $95 billion it forecasted last fall.
The good news is that KBRA expects CMBS issuance to rebound slightly to $60 billion in 2021, driven by stable demand for multifamily, industrial (more specifically last-mile distribution centers), individual pockets of office with tenants that have good credit and essential retail.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
