As rates increase, the market faces a historic volume of mortgage maturities and office distress has led to a significant increase in loans that are in special servicing or are delinquent on payments.
“Interest rates have surged to levels not seen in more than 16 years, all while office users are rethinking office space needs. In addition, what appears to be an unprecedented volume of commercial mortgages will be maturing in the coming years,” said Orest Mandzy, Managing Editor of CRE Direct. “Many, if not most of those loans were written when rates were sharply lower than they are today. Industry players should brace themselves for what could be a lengthy, bumpy ride.”
The magazine includes stories exploring mortgage maturities, increases in CMBS delinquency and special servicing volumes, loss from mortgages held by life insurers, a country-wide map of inventory and vacancy rates, and much more.
Access The Q3 2023 QDR Magazine here: https://www.trepp.com/q3-2023-quarterly-data-review
For more information on The Q3 2023 Quarterly Data Review or any of the analyses, email [email protected] or visit http://www.Trepp.com. Follow @TreppWire and @crenewstweets on Twitter for daily CRE and CMBS market updates.
About Trepp
Trepp, founded in 1979, is the leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase operational efficiencies, information transparency, and investment performance. From its offices in New York, Dallas, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets. Trepp is owned by the Daily Mail and General Trust (DMGT).
About Commercial Real Estate Direct
Commercial Real Estate Direct, founded in 1999 and a subsidiary of Trepp, is a daily news source covering the commercial real estate capital markets. Each day, its seasoned staff of editors and real estate journalists delivers up-to-date market intelligence on the mortgage business, equity raising, investment sales, and CMBS. CRE Direct also provides its readers with actionable data through its Property Sales Database, which details more than 25,500 large property transactions, CMBS Pricing Matrix, the industry’s only weekly pricing survey, and the CMBS Pipeline, a calendar of upcoming transactions with historical pricing information.
“Interest rates have surged to levels not seen in more than 16 years, all while office users are rethinking office space needs. In addition, what appears to be an unprecedented volume of commercial mortgages will be maturing in the coming years,” said Orest Mandzy, Managing Editor of CRE Direct
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Ennys Soydas, Trepp Inc., 2127541010, [email protected], www.trepp.com
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