Capital Markets

While vacancy growth slows as the construction pipeline contracts, tenant demand may be making a comeback as certain markets reset. 

Higher yields for the 10-year have a more obvious negative effect.

They see how quickly things can change, something CRE markets should remember.

Multifamily pricing in New York City has moved in tandem with interest rates, but as rates come down, there is hope that prices have hit the trough.

Anything that could push up Treasury yields affects CRE borrowing costs.

Moody’s expects even speculative-grade defaults to decline in the U.S. and Europe.

Investors are also scrutinizing the risk.

Negative leverage is coming for many borrowers.