Low rates, CRE momentum to drive higher 2020 CMBS volumes
Continued low interest rates and the enduring strength of the US commercial real estate market will drive higher volumes of CMBS across all asset classes next year, said Kroll Bond Rating Agency in its 2020 outlook report.
– by Paola Aurisicchio
CMBS issuance will hit $120bn next year, $8bn-15bn higher than in 2019, the rating agency said. The market is expected to end 2019 at $86bn-$91bn across conduit, single borrower and commercial real estate CLOs, possibly exceeding the $89.2bn level seen in 2018.Single ...
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