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In today's challenging market, commercial property owners are contending with a "wall of maturing debt" and a subdued environment for traditional bank lending.
Nearly $585 billion in mortgages appears to have been pushed beyond original maturity dates, leaving borrowers and lenders with less room to defer difficult refinancing decisions.
The Economist's latest rent-affordability analysis finds that 30% of the nation's 100 largest metros are unaffordable for median earners, but falling deliveries could test that improvement.
The analysis highlights property types with strong transaction activity, constrained construction pipelines and demand tied to demographics, quality and AI-related uses.