The TreppWire Podcast: A Commercial Real Estate Show 324. Unpacking Uncertainty: Economic Outlook, CMBS Origination Uptick, NYC Office Leases
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Apr 25, 2025 AI Snips
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Uncertainty Dominates Beige Book
- The word "uncertainty" was mentioned 89 times in the Fed's Beige Book, reflecting market nervousness.
- This uncertainty leads lenders to add a risk premium or "uncertainty tax" to CRE lending spreads.
CRE Market Shows Resilience
- Despite uncertainty, CRE market remains resilient with strong delinquency and lending activity.
- Some regions show varying industrial softening, but multifamily demand remains robust.
CRE Loan Demand Rising
- Commercial real estate loan demand is increasing across most U.S. districts despite general economic uncertainty.
- Regions like Atlanta face softness due to elastic supply and tariff impacts, affecting rent growth.