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Also the buyer pool has been comprised of a higher-than-normal share of private buyers over the past 18 months.
CMBS delinquency rates are generally low compared to prior crises.
Macy's is closing 150 stores. What does that say about retail?
Vacancy remains tight at 4.3 percent, tying 2018's record low.
61% of executives surveyed are not likely to invest in office-to-residential or mixed-use conversion projects in 2024.
Usually there is a direct inverse relationship between rent growth and inventory growth.
Ambulatory surgical centers are also sought after assets by investors.
One impact is that tenant reps have become more cautious about a building's loan status.
Nevada fueled 3.8% growth in 2023 while 12 states exceeded national growth average of 2%.
Borrowers are still concerned given volatility could creep back into the market.