A new report from Moody’s warns that about 23 percent of CBD office collateral included in CMBS loans is in weaker CBD markets.
Office assets in central business districts (CBDs) have enjoyed an impressive, eight-year run of robust demand and growth in both rents and valuations and are considered a low-risk bet for capital investment.
CBD office markets have benefited from the expansion of the co-working sector and a desire by millennials to live near where their work, as well as from empty nesters relocating to the cities from the suburbs, notes Stephen Shapiro, senior managing director of the New York capital markets and investment services group with Colliers International...
RSK: I just don`t see this happening here in our small market. Downtown is too entrenched and too much happening. The only thing that might change this is that bad transportation infrastructure we have and mass transit. Beltline is a mess at rush hour as well.
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- - Volume: 6 - WEEK: 47 Date: 11/20/2018 7:14:34 AM -