In my last blog post, I reflected on the strength of commercial real estate in the U.S. in recent years and the challenges that come with that success. Overcoming challenges is nothing new for our industry, but for us to continue to thrive in this changing global economy, it is more important than ever for our industry to speak with one voice.
This week in Orlando MBA held its CREF/Multifamily Housing Convention & Expo. It was wonderful to see and visit with so many of our commercial and multifamily finance MBA members.
As I have said for some time, commercial and multifamily businesses thrived through the recession and continue to do well. Rents are up. Vacancy rates are down. Prices are up. Cap rates are down. Lending volumes are up. Delinquency rates are down. And, for the coming year, the outlook remains solid. Through MBA’s CREF Outlook Survey, leading originators told us they expect commercial and multifamily mortgage lending to continue to increase in 2016. Continue reading