The U.S. CMBS delinquency rate increased by 15 basis points to 1.85 percent in May from 1.70 percent in April, marking the largest month-over-month increase since October 2020, according to Fitch Ratings, which provides the following delinquency rate breakdown by … Continue reading →
Colliers reports that the U.S. office vacancy rate in Q1–2023 was 16.1 percent—higher than in Q1–2022 (15 percent) and Q1–2021 (14.2 percent). Construction activity slowed in Q1–2023, with 93.5 million square feet underway, compared to 121.9 million square feet in … Continue reading →
In a statement issued on May 4th, the Central Bank of Argentina (BCRA) prohibited payment service providers (PSPs) from carrying out or facilitating operations with cryptocurrency assets. According to the statement, the measure ordered by BCRA “seeks to mitigate the … Continue reading →
A CRE CLO (commercial real estate collateralized loan obligation) is a securitization vehicle the underlying assets of which are short-term (usually three to five years), floating-rate loans collateralized by transitional properties. CRE CLOs are actively managed by an asset manager … Continue reading →
A Policy Analysis Report from San Francisco’s Budget and Legislative Analyst Office estimates that the shift to remote working has resulted in 147,303 fewer office workers in downtown San Francisco (“Downtown”) each workday. The report cites to an NBER Working … Continue reading →
Savills reports that Southeast Asia’s e-commerce sector is projected to develop at a compound annual growth rate (CAGR) of 34 percent to USD $102 billion by 2025, up from USD $5.5 billion in 2015. From 2016 to 2021, the total … Continue reading →
Healthcare real estate transaction volume hit a record high in 2022 with approximately $26 billion invested into the sector, according to a JLL healthcare survey. At 58 percent, medical office buildings comprised the largest portion of healthcare real estate investment … Continue reading →
Higher interest rates, decreased demand in the office sector and a rise in defaults have put the brakes on the CMBS market. Bloomberg reports that only about $4.27 billion in commercial mortgage bonds have been issued so far this year, … Continue reading →
Signed on March 8, 2018 in Santiago de Chile, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam (the UK … Continue reading →
A land value tax is a levy on the assessed value of land without regard to the value of any improvements located on the land. By contrast, in a single-rate property tax system, land and the improvements upon it, are … Continue reading →