US DATA: MBA Commercial Real Estate/Multifamily Finance Q3 data
saysa “that the real estate cycle is beginning to once again exert
itself in commercial and multifamily property markets. During the third
quarter, the economy began to show (modest) growth and absorption picked
up in the face of little new space coming on line. The result has been
marginal declines in vacancy rates and a firming of asking rents.
Property sales and originations volumes picked up, but volumes were not
high enough to keep up with the mortgage debt that investors saw paying
off and paying down.”