Analysis

Investors are following renter migration patterns outside of the big cities with non-major metros receiving the highest investment activity on record last year.

Orlando hit 7.3 million square feet leased in 2020, which was the most on record for a calendar year.

Property owners facing pressure are focused on how to last another six to nine months.

80% of respondents said they had never done a sale-leaseback transaction, despite the fact that 40% have mortgaged debt on their real estate holdings.

Right now there is a substantial deficit of supply in suburban areas, secondary cities, commuter towns and emerging markets.

Commercial mortgages held by life insurance companies posted a 1.22% total return in the fourth quarter of 2020.

While new lease signings rise, rents continue to fall.

There are cracks showing in the CMBS market with these structures, says DBRS Morningstar.