San Francisco-Oakland-Fremont, CA, was the metropolitan area with the highest share of distressed multifamily real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, was 6.9 percent. Multifamily is one of the sectors that has gained a lot of attention among investors. Naturally, with that comes a significant amount of debt maturing in until 2025. The delinquency rate of multifamily real estate increased slightly in between Match 2022 and March 2023, but remained lower than the delinquency rates of offices, retail or lodging properties.
Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro
Distressed real estate loans include commercial mortgage bank securities (CMBS) in the conduit and SASB universe that are delinquent, in special servicing, or a combination of both.
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CRED iQ. (May 3, 2023). Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/
CRED iQ. "Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/
CRED iQ. (2023). Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/
CRED iQ. "Share of Distressed (Delinquent and Specially Serviced) Multifamily Real Estate Debt in The United States in April 2023, by Metro." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/
CRED iQ, Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro Statista, https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/ (last visited December 21, 2024)
Share of distressed (delinquent and specially serviced) multifamily real estate debt in the United States in April 2023, by metro [Graph], CRED iQ, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1389230/share-of-distressed-multifamily-real-estate-by-market/
