Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets and Commercial Real Estate Direct released The Year-End 2024 Magazine, a comprehensive recap of the state of the commercial real estate and CMBS markets.
NEW YORK, Jan. 13, 2025 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets and Trepp's subsidiary, Commercial Real Estate Direct released the 2024 edition of The Year-End Magazine, a comprehensive recap of the CRE finance and CMBS markets. Access the magazine here: https://www.trepp.com/trepp-cre-direct-year-end-magazine-2024.
Despite the continued signs of distress, the CRE market hit somewhat of an inflection point in 2024 as liquidity started to return to the market. CMBS issuance reached $103.6 billion last year, a nearly threefold increase from 2023. This also surpasses the $80.93 billion annual average over the past 10 years.
However, a significant portion of CMBS conduit loans is set to mature by the end of 2026, totaling $96.83 billion. This poses a problem as current interest rates are higher than when many of these loans were originated.
"It's not like rates all of a sudden plunged. While they eased somewhat as a result of tighter loan spreads, most of the borrowing was done by necessity to refinance maturing loans," said Orest Mandzy, Managing Editor of CRE Direct. "We are not out of the woods yet!"
The magazine also covers the sharp rise in CMBS delinquency and special servicing volumes that have been driven by the office and multifamily sectors. As the Trump Administration looks to reduce the size of government, the team also provides an overview of how much office space the General Services Administration leases across the country and what impact this could have for office.
The magazine also covers a wide range of other topics in the CRE market, with insights from experts and exclusive articles from guest writers.
Click here to access The Year-End Magazine: https://www.trepp.com/trepp-cre-direct-year-end-magazine-2024
For more information on The Year-End Magazine or any of the analyses, email [email protected] or visit http://www.Trepp.com. Follow @TreppWire and @crenewstweets on X for daily CRE and CMBS market updates.
About Trepp
Trepp, founded in 1979, is the leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase operational efficiencies, information transparency, and investment performance. From its offices in New York, Dallas, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets. Trepp is wholly owned by Daily Mail and General Trust (DMGT).
About Commercial Real Estate Direct
Commercial Real Estate Direct, founded in 1999 and a subsidiary of Trepp, is a daily news source covering the commercial real estate capital markets. Each day, its seasoned staff of editors and real estate journalists delivers up-to-date market intelligence on the mortgage business, equity raising, investment sales, and CMBS. CRE Direct also provides its readers with actionable data through its Property Sales Database, which details more than 25,500 large property transactions, CMBS Pricing Matrix, the industry's only weekly pricing survey, and the CMBS Pipeline, a calendar of upcoming transactions with historical pricing information.
Media Contact
Ennys Soydas, Trepp, Inc., 212-754-1010, [email protected], www.trepp.com
SOURCE Trepp, Inc.
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