The total amount of distressed CRE reached more than $88.6 billion by the end of 2024's first quarter through the addition of net $2.7 billion, according to a new MSCI capital trends report.
The net addition was the result of $9.9 billion new property distress offset by $7.2 billion worked out during the quarter.
For current distress, office is far and away the largest property type example, with almost $38.2 billion. That's followed by retail's nearly $21.9 billion, roughly $14.2 billion in hotels, about $10 billion in multifamily, $1.6 billion in retail, and $2.8 billion in other types.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
