176. New Year, Same Market Concerns; CMBS Delinquencies Rise, Office & Retail Layoffs, Closures
The TreppWire Podcast: A Commercial Real Estate Show
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The Decline Rate Is Up
The delinquency report is out and the rate has moved up slightly again last month. And it's now above 3% for the first time since July. Lodging continues to just defy COVID expectations delinquencies were once over 20%. Multiifamily, another crack there that went above 2% a rise of 36 points. Office slightly improved six basis points. Retail was up driven largely by the delinquency of the Palisades Mall in New York suburbs.
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