Global Real Estate Intelligence
Morningstar DBRSReport

North American Commercial Real Estate 2025 Midyear Outlook

The midyear update describes a resilient commercial real estate debt market in the first half of 2025, with higher issuance in data center sectors and traditional CMBS consistent with 2024. Maturity defaults remained tied to higher rates and office performance decline.

CMBSDebt & FinancingU.S. NationalCanada
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