In the first nine months of 2019, 88% of CMBS office loans were paid off when they matured. As interest rates and vacancies rose, that share dropped to 71% in the first nine months of 2022 and to just 31.2% this year.
In the first nine months of 2019, 88% of CMBS office loans were paid off when they matured. As interest rates and vacancies rose, that share dropped to 71% in the first nine months of 2022 and to just 31.2% this year.