In a newly released forecast, the Mortgage Bankers Association (MBA) predicts a robust increase in commercial and multifamily mortgage borrowing and lending for 2024. The total volume is expected to reach $539 billion by the end of the year, marking a 26% rise from 2023′s total of $429 billion.
Multifamily lending, which is included in the overall figures, is projected to grow to $297 billion this year, up 21% from last year's $246 billion. Looking ahead to 2025, the MBA anticipates total commercial real estate lending to climb to $665 billion, with multifamily lending accounting for $390 billion of that total.
Jamie Woodwell, MBA's Head of Commercial Real Estate Research, attributes this anticipated growth to a recent moderation in interest rates and a significant number of loans set to mature in the coming quarters.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
