Discover and read the best of Twitter Threads about #CMBS
Most recents (3)
Rising office vacancy rates mean building owners may soon have to think about expensive redevelopments @WSJ #CMBS wsj.com/articles/home-…
The average office vacancy rate will hit an almost three-decade high of 17% in the U.S. in 2022, according to CBRE estimates. That compares with around 7% in Europe.
Idle offices may end up being converted into other uses where supply is tight, such as warehousing or homes. Logistics vacancy rates in both the U.S. and Europe fell below 4% last year, and house prices soared during the pandemic.
After a week that saw extraordinary policy moves from the @federalreserve in response to the #CoronaCrisis, the central bank has gone further and taken off its gloves for a bare-knuckled battle against the forces of #uncertainty and #deflation!
To support critical market functioning, the #FOMC dropped previously indicated limits and: “will purchase Treasury securities and agency [MBS] in the amounts needed to support smooth market functioning and effective transmission of monetary policy...”
Further, the #Fed has expanded the range of purchasable #securities to include agency commercial mortgaged-backed securities (#CMBS).
THREAD: We recently identified the property characteristics which were featured in the best performing #retail properties over the last five years. Our categories were property subtype, region, the year in which it was built, and tenant mix. More info on the top performers below. 
The best performing property subtypes were drug stores and urban retail. Drug store loans performed well due to their consistently high occupancy rates and low delinquency readings. Urban retail’s strong performance can be credited to its massive NOI figures.
