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Despite the continued lack of prime properties for sale on a global basis, investor sentiment is on the rise along with market fundamentals, according to the latest Global Market Perspective report from Jones Lang LaSalle (JLL).
2010 is also set to become the most active year for commercial mortgage-backed securities (CMBS) issuance since 2007.
However, the CMBS market continues to see its fair share of challenges. A new report from Fitch Ratings notes that the U.S. CMBS cumulative default rate for fixed-rate commercial mortgage loans increased to 10.6% as of the end of third quarter 2010, a 112 basis point movement from last quarter and 401 bps from its year end 2009 study.
