Subleasing in the Office Market - What's Going on in Seattle?

In this week’s episode of The TreppWire Podcast, it is hard to find good news. Amid treasury yield increases, economic data, consumer confidence, and retail earnings, there are negative signs all around. In commercial real estate, we report on the CMBS delinquency rate posting its second-largest increase since the start of the pandemic, discuss office obsolescence, and dive into a massive trading alert surrounding a large multifamily loan. We also examine data for hotel markets across the US, life insurance mortgage returns, and more. Tune in now. Episode Notes: • Economic news and data to watch(0:23) • Housing market and jobs(5:28) • Retail earnings (8:01) • CMBS delinquency report, rate jumps (13:02) • Massive trading alert: large multifamily loan (16:20) • Retail stories (25:30) • Industrial story (29:43) • Office obsolescence (31:26) • Office stories: sublease siege (33:52) • Hotels (38:59) • Life insurance commercial mortgage returns(43:19) • Shoutouts (44:37)