Leasing regained momentum in the second quarter as a result of demand from retailers, logistics providers and e-commerce firms.

The rise in the special servicing rate was tied primarily to the retail and lodging industries and continued a consistent increase in the rate that started in March.

Job markets in New Jersey, New York, Hawaii, Illinois and Alaska have been among the hardest hit from COVID-19 and the slowest to recover. That's not making the credit outlook any brighter.