The Mortgage Bankers Association (MBA) released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for Q3 this week showing some grown in the markets as the economy begins to rebound with sales up 122% in the year to date. While mortgage delinquencies were mixed, property sales and originations volumes picked up with marginal declines in vacancy rates and a firming of asking rents. An excerpt from the report:
"Conditions in the commercial real estate industry were mixed during the reporting period. Several Districts reported flat demand and high vacancy rates, which translated into limited nonresidential construction activity. The New York, Atlanta, and Kansas City Districts noted some weakening in nonresidential activity, while the Boston and Dallas Districts indicated some modest improvement in commercial real estate. Reports from Cleveland and Chicago noted that most new projects fell generally into the infrastructure category. Contacts in Boston, Richmond, Kansas City, and Dallas expressed some optimism about the near-term outlook in their Districts, but contacts in several other Districts expressed a more cautious outlook."
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment