CRE lending levels are decreasing as default risks on expiring debt loom. Investor demand to develop or buy CRE has diminished under the pressure of rising costs, resulting in the number of new commercial construction projects declining. Notably, the WSJ reports that issuance of CMBS has dropped to its lowest level since 2011 at $28.2 billion, one sign that illustrates the challenges facing the CRE sector.
CRE Sector Facing Pressure Due to High Interest Rates
Published on November 3, 2023
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