Investment sales, office market expected to slow in wake of higher interest rates, inflation in 2023 - Jacksonville Business Journal

"I think what’ll be very telling to watch there is if that trend continues, if space will continue to be put on the market," said Colliers International Group Inc.'s most recent investor survey found 55% expect losses for the office sector in 2023, the most negative outlook among property types surveyed.

So far, distress within office has remained low, although it's starting to grow. Trepp's commercial mortgage-backed securities special-servicing rate was 3.85% in November, up slightly from 3.72% in October and 3.43% in September. Loans enter special servicing when financial issues arise that are expected to affect a borrower's ability to stay current on payments.

"If 20% of your building is potentially going to roll, I think you’re going to have a hard time finding favorable financing," Hendry said. Still, those sectors require specialized knowledge, which means not all investors and developers will be able to transition into those property types, she added.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

CEO Insights: Where JWB's Alex Sifakis sees downtown going in 2023 - Jacksonville Business JournalJWB Real Estate Capital President Alex Sifakis offers insights into the challenges and opportunities 2023 will bring.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

CEO Insights: Where JWB's Alex Sifakis sees downtown going in 2023 - Jacksonville Business JournalJWB Real Estate Capital President Alex Sifakis offers insights into the challenges and opportunities 2023 will bring.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Jacksonville University extends President Tim Cost's contract through 2027 - Jacksonville Business JournalCost has helped the university grow, adding a law school and a medical school.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »