In this week's episode of The TreppWire Podcast, we delve into the current landscape of the commercial real estate (CRE) market, providing some much needed context for 2025. We begin by analyzing the latest CMBS delinquency data, offering our interpretations and breaking down the numbers dating back to January 2000, when Trepp first began tracking these rates. We spend some time reflecting on 2024 and provide additional predictions for the new year in terms of issuance, distress metrics, interest rates, and other factors that may impact the CRE market. We wrap up the episode with themes we saw in the credit stories we reported throughout the year and discuss where there is room for opportunities. Tune in now.
Episode Notes
- Going into 2025 vs into 2024 (0:24)
- CMBS Delinquency Data: Behind the Numbers (3:08)
- Office Distress Context (9:22)
- Multifamily Performance (23:21)
- 2025 Predictions: Issuance & Interest Rates (26:42)
- Hot CRE Markets in 2025 (30:35)
- Credit Story Themes We Saw in 2024 (40:23)
- Programming Notes & Shoutouts (53:54)
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