
201. Optimism Hard to Find at CRE Event; Industrial Hitting a Wall?; Retail Owner Throws in Towel
The TreppWire Podcast: A Commercial Real Estate Show
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The Top 25 MSAs for Multifamily
San Francisco takes the number one heading again. About 13% of all multifamily loans in San Francisco have DSCR less than one. The Dallas Fort Worth market, which has been really resilient, is about 8.5%. And Chicago, Naperville is at 7.4%. Three of the top five are actually fairly large Texas markets in terms of having properties with Debt Service Coverage Ratio (DSCR) less than 1. Lastly, I want to look at the ones that have the lowest occupancy percentage across the top 25 MSAs. So San Francisco looking at the weighted average trailing 12 month occupancy is 88.77%, which is the lowest of the top 25MSAs.
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