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Page 7 - Mike Haas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CRE Valuations Dropped 42 Percent on Average in 2023

Commercial real estate valuations saw a 42 percent average decline in 2023 from original issuance, according to CRED iQ.

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CMBS Distress Rate Rises in January With Office Back Above 10 Percent

The CRED iQ overall distress rate for commercial mortgage-backed securities increased by 22 basis points in January to 7.39 percent.

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CMBS Distress Accelerated in Second Half of 2023

More than 15,000 CMBS loans were added to the servicer watchlist in the second half of 2023, according to CRED iQ data.

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Wave of Office Lease Expirations Set to Impact CMBS Market

Roughly 217 million square feet of office space have leases with expiration dates in 2024 or 2025, according to CRED iQ data.

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Loan Modifications Were the Common Theme in 2023

Last year saw $13.6 billion of commercial real estate loan modifications across 441 deals, according to CRED iQ.

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