NEW YORK, Jan. 13, 2021 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets in collaboration with Commercial Real Estate Direct, which provides breaking news and information on recent real estate transactions, have released their Year-End Magazine: "Assessing the 2020 Wreckage." Access the full magazine here: https://info.trepp.com/year-end-2020-commercial-real-estate-direct-email-pr.
Now that the world is more than 10 months into the coronavirus pandemic, we are getting a clearer picture of how damaging to commercial real estate it and the actions taken to stem it have been.
"It's hard to sugarcoat the amount of damage that has been done to the broad economy, the commercial real estate sector and to individuals—from children who've missed being in classrooms, to the elderly, who have been the most vulnerable to the disease. But, still, I'm an optimist," says Orest Mandzy, Managing Editor of CRE Direct.
"Things could have been worse. A government stimulus package helped prevent a large spike in apartment vacancies, for instance. The national vacancy rate actually declined in April from January. That contrasts with the sharp increase, to 10.7% from 9.5%, during the Global Financial Crisis."
So far, the CMBS market has fared relatively well despite the challenges it has faced. Issuance, which was off by more than 40% on the year, barely hiccupped. Spreads widened for a spell, and lending came to an abrupt halt. But the market has rebounded smartly, thanks in part to government largesse. That's unlike the Great Financial Crisis when issuance was all but halted for nearly a year. Meanwhile, the relatively tight spreads in the CMBS market have allowed securitized lenders to keep their lending spigots open.
The magazine provides insight into how the major property sectors have been affected by the pandemic, a summary of the good, the bad, and the ugly parts of the CRE market in 2020, and much more. You'll also find the annual CMBS Awards and a few pieces written from industry experts from firms such as the Mortgage Bankers Association and the Henley Group.
Download CRE Direct and Trepp's full magazine here: https://info.trepp.com/year-end-2020-commercial-real-estate-direct-email-pr.
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 their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT).
About CRE Direct
Founded in 1999, CRE Direct currently delivers news to more than 10,000 individuals throughout every business day via its CREnews.com site and weekly through its emailed newsletter publication. CRE Direct provides the most up-to-date market intelligence on the mortgage business, equity raising, investment sales, and CMBS sectors. Subscribers, which include investors, lenders, brokers, investment banks and others, gain access to daily in-depth news and information through the Property Sales Database, CMBS Pricing Matrix, and CMBS Pipeline.
Hayley Keen, Trepp, 2127541010, [email protected]