"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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Comerica analysts predict 80% chance of recession in 2023 - Dallas Business JournalInterest rates and high inflation are two of the 'big headwinds' facing the U.S. economy, according to Comerica's economists. Other challenges include the end of fiscal stimulus provided by the federal government during the pandemic and weak export markets abroad.
Bron: DallasBizNews - 🏆 525. / 51 Lees verder »
Cramer's investment strategy for 2023 is a Fed-driven tale of two halvesThe first half of next year is expected to be a brutal one, with the second characterized by improved market and economic sentiment.
Bron: CNBC - 🏆 12. / 72 Lees verder »
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.
Bron: JaxBizJournal - 🏆 599. / 51 Lees verder »
St. Augustine builder sees slowdown in 2023 but remains optimistic - Jacksonville Business JournalMasterCraft president said he will do what he can to keep his team together because he expects a relatively quick rebound.
Bron: JaxBizJournal - 🏆 599. / 51 Lees verder »
St. Augustine builder sees slowdown in 2023 but remains optimistic - Jacksonville Business JournalMasterCraft president said he will do what he can to keep his team together because he expects a relatively quick rebound.
Bron: JaxBizJournal - 🏆 599. / 51 Lees verder »