CRE Distress Tracker Hits Decade-High Of $107B
Office has the biggest outstanding total distress but multifamily’s is potentially far larger.
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Office has the biggest outstanding total distress but multifamily’s is potentially far larger.
Fluctuating interest rates and shifting demand are key in today’s commercial real estate market.
Loan modifications surged to $35.5 billion amid rising defaults.
PwC’s Bill Staffieri said he would put his money on it if he won the lottery.
To make matters worse, borrowing is still expensive.
Amid encouraging signs, some uncertainty lingers.
Fifty-nine of the largest 155 banks had exposures greater than 300% in Q3.
The key question now is how long this upward trend in special servicing rates will continue.
Appraised values diverge most from sale prices.
In September, the state saw 70 commercial foreclosures, up from 47 the previous year, with 538 foreclosures reported by late 2024.
Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
Sperry – RJ Realty
Phone:
954.381.0412
Email:
admin@RJ-Realty.com