US DATA: MBA Q3 Commercial Real Estate/Multifamily Finance
Quarterly Data Book sees “a continuation of many of the commercial real
estate trends seen through the year – moderate economic growth, property
fundamentals thriving for apartment buildings and stabilizing for other
property types and progress in loan performance. Impacts from the
financial unrest associated with US and European sovereign debt markets
were also evident – pushing interest rates lower and sidelining the CMBS
market that is most closely tied to the broader capital markets. The net
result has been low overall yields and increased overall financing, but
uncertainty about where future risks and opportunities may (or may not)
lie.”