Wages have been on an upward tear for five consecutive months, while the labor force participation rate stayed stagnant at 61.7%.

Institutional players accounted for 23% of volume in the past two years.

Morningstar reports that 15.2 percent of the CMBS malls delinquent or REO, compared to 10.5 percent across all retail loans.

However, more data center, education and warehouse projects moved into planning in August from the levels in July.