New York-Northern New Jersey-Long Island, NY-NJ-PA, was the metropolitan area with the highest value of distressed industrial and logistics real estate debt in the United States in April 2023. Distressed real estate loans, or the amount of debt which was delinquent or in special servicing, was 120.2 million U.S. dollars. The industrial and logistics real estate sector has benefitted notably from the growth in e-commerce and the increasing importance in securing supply chains since the beginning of the pandemic. Unsurprisingly, it had delinquency rate lower than any other commercial real estate sector in 2023.
Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro
(in million U.S. dollars)
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). Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro (in million U.S. dollars) [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/
CRED iQ. "Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro (in million U.S. dollars)." Chart. May 3, 2023. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/
CRED iQ. (2023). Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/
CRED iQ. "Value of Distressed (Delinquent and Specially Serviced) Industrial and Logistics Real Estate Debt in The United States in April 2023, by Metro (in Million U.S. Dollars)." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/
CRED iQ, Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro (in million U.S. dollars) Statista, https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/ (last visited January 09, 2025)
Value of distressed (delinquent and specially serviced) industrial and logistics real estate debt in the United States in April 2023, by metro (in million U.S. dollars) [Graph], CRED iQ, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1389264/value-of-distressed-industrial-real-estate-by-market/
