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Chris Moyer

NEW YORK CITY–The spread between the 5-year and the 10-year Treasuries is the tightest it has been since August 2007, resulting in all-in commercial real estate borrowing costs that are nearly indistinguishable at different terms. A year ago the spread was about 50 basis points, Cushman & Wakefield Managing Director Chris Moyer tells GlobeSt.com. Today that spread is around 15 basis points. The result has been borrowers opting for longer-term money because, after all, there is no real savings benefit to taking out a five-year loan, regardless of the deal at hand.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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