Market Delinquency Tracker – April 2022

The CRED DQ Report tracks delinquency and distress across the Top 50 MSAs in commercial real estate.

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CRED iQ monitors distressed rates (DQ + SS%) and market performance for nearly 400 MSAs across the United States, covering over $900 billion in outstanding CRE debt. Distressed rates include loans that are specially serviced, delinquent, or a combination of both. Distressed rates and month-over-month changes are presented below, by property type, for the 50 largest markets.

Distressed figures include all properties listed 30 days delinquent or worse, as well as specially serviced loans within the securitized universe including Conduit, Agency, SBLL, and CRE CLO.

The lodging sector exhibited an overall decline in the rate of distressed mortgages in March 2022 to 13.1%, compared to 13.3% in February. However, a more granular view stratified across all lodging markets reveals that nearly half of the Top 50 MSAs exhibited increases in distress on a stand-alone basis. There were 23 total markets out of the Top 50, equal to 46%, with month-over-month increases in the percentage of distressed loans. Hotels accounted for five of the Top 10 increases in distress by market-sector and included Sacramento, Tucson, Austin, Los Angeles, and San Jose. The Sacramento lodging market had the largest increase in distress this month, which was primarily caused by a 30-day delinquency of a $34 million loan secured by The Citizen Hotel Sacramento. The loan previously entered into a forbearance agreement in October 2020.

The Baltimore office market appeared on the list of Top 10 increases in distress by market-sector for the second month in a row. This month, a $24.8 million loan secured by 300 East Lombard, a 19-story office tower located in the Inner Harbor, transferred to special servicing due to the impending departure of the property’s largest tenant, Ballard Spahr. Ballard Spahr’s lease expires at the end of April 2022 and accounts for 15% of the property’s NRA. The Milwaukee office market was also notable for an increase in distress, which was primarily driven by the special servicing transfer of The Pinnacle at Bishop’s Woods, a three-building suburban office property that secures a $29.1 million loan.

As noted above, improvements in distressed rates this month were most common for lodging markets. Half of the Top 50 MSAs exhibited lower distressed rates for loans secured by lodging collateral compared to the prior month. Five of the largest decreases by market-sector in March were lodging markets, including Pittsburgh and Cleveland. The Cleveland lodging market remains one of the most severely distressed market-sectors with 39.6% of loans that are distressed.

Distressed rates for the self-storage sector had noteworthy improvements this month after the $110 million Great Value Storage Portfolio loan paid off in full, ahead of its scheduled maturity date in December 2023. The loan had previously transferred to special servicing in June 2021 due to the bankruptcy of the borrower, Natin Paul. The majority of the 64 properties in the collateral portfolio were located in the Houston and Columbus, OH MSAs. Both market-sectors were among the list of Top 10 improvements in distress this month.

The Minneapolis MSA has the highest overall distressed rate at 23.0%, which was slightly higher than the prior month. Louisville (17.7%), New Orleans (13.4%), Milwaukee (11.3%), and St. Louis (9.73%) comprise the remaining markets with the highest rates of distress. The Cleveland MSA had the fourth-highest distressed rate as of February 2022 but dropped out of the Top 5 distressed markets this month after delinquency and special servicing cures for multiple retail loans. The Raleigh market (0.34%) had the lowest percentage of distress among the Top 50 MSAs for the third consecutive month. The Sacramento MSA also remained one of the Top 5 markets with the lowest percentage of distressed loans this month, despite the relatively large delinquency of The Citizen Hotel Sacramento loan.

For the full CRED DQ Report, download here:

MSA – Property TypeDQ/SS
(millions)
DS/SS
(%)
Monthly
Change
Allentown-Bethlehem-Easton, PA-NJ MSA$78.42.4%0.0%
Allentown – Hotel$0.00.0%0.0%
Allentown – Industrial$0.00.0%0.0%
Allentown – Multifamily$0.00.0%0.0%
Allentown – Office$59.218.1%0.4%
Allentown – Other$0.00.0%0.0%
Allentown – Retail$19.25.2%0.0%
Allentown – Self Storage$0.00.0%0.0%
Atlanta – Atlanta-Sandy Springs-Marietta, GA MSA$617.82.5%-0.4%
Atlanta – Hotel$178.99.8%-1.7%
Atlanta – Industrial$17.93.2%0.1%
Atlanta – Multifamily$05.70.0%0.0%
Atlanta – Office$07.60.3%0.0%
Atlanta – Other$0.00.0%0.0%
Atlanta – Retail$407.615.3%-3.9%
Atlanta – Self Storage$0.00.0%0.0%
Austin – Austin-Round Rock, TX MSA$214.42.5%0.3%
Austin – Hotel$69.07.9%1.8%
Austin – Industrial$0.00.0%0.0%
Austin – Multifamily$59.71.1%0.1%
Austin – Office$0.00.0%0.0%
Austin – Other$0.00.0%0.0%
Austin – Retail$85.79.3%0.2%
Austin – Self Storage$0.00.0%-2.9%
Baltimore – Baltimore-Towson, MD MSA$415.24.4%0.0%
Baltimore – Hotel$87.419.2%-6.0%
Baltimore – Industrial$0.00.0%0.0%
Baltimore – Multifamily$06.10.1%0.0%
Baltimore – Office$58.29.1%3.8%
Baltimore – Other$11.73.2%0.0%
Baltimore – Retail$251.822.2%-0.3%
Baltimore – Self Storage$0.00.0%0.0%
Birmingham – Birmingham-Hoover, AL MSA$159.96.5%0.7%
Birmingham – Hotel$39.644.9%6.5%
Birmingham – Industrial$0.00.0%0.0%
Birmingham – Multifamily$01.10.1%0.1%
Birmingham – Office$96.419.0%0.0%
Birmingham – Other$0.00.0%0.0%
Birmingham – Retail$22.83.1%0.0%
Birmingham – Self Storage$0.00.0%0.0%
Boston – Boston-Cambridge-Quincy, MA-NH MSA$138.80.8%-0.1%
Boston – Hotel$45.36.4%0.0%
Boston – Industrial$0.00.0%0.0%
Boston – Multifamily$0.00.0%0.0%
Boston – Office$0.00.0%0.0%
Boston – Other$0.00.0%0.0%
Boston – Retail$93.54.8%-1.0%
Boston – Self Storage$0.00.0%0.0%
Bridgeport – Bridgeport-Stamford-Norwalk, CT MSA$205.55.3%-0.2%
Bridgeport – Hotel$62.550.9%-0.1%
Bridgeport – Industrial$17.815.0%0.0%
Bridgeport – Multifamily$0.90.1%0.0%
Bridgeport – Office$108.09.3%0.9%
Bridgeport – Other$09.82.4%0.0%
Bridgeport – Retail$06.42.0%-4.7%
Bridgeport – Self Storage$0.00.0%0.0%
Charlotte – Charlotte-Gastonia-Concord, NC-SC MSA$285.33.7%0.1%
Charlotte – Hotel$87.47.5%0.2%
Charlotte – Industrial$0.00.0%0.0%
Charlotte – Multifamily$0.70.0%0.0%
Charlotte – Office$21.32.3%0.0%
Charlotte – Other$85.026.9%0.1%
Charlotte – Retail$90.97.7%-0.1%
Charlotte – Self Storage$0.00.0%0.0%
Chicago – Chicago-Naperville-Joliet, IL-IN-WI MSA$2,334.88.8%0.0%
Chicago – Hotel$836.041.5%-2.5%
Chicago – Industrial$03.80.2%0.0%
Chicago – Multifamily$79.10.8%-0.4%
Chicago – Office$778.610.0%-0.1%
Chicago – Other$255.913.0%-0.3%
Chicago – Retail$381.411.2%3.4%
Chicago – Self Storage$0.00.0%0.0%
Cincinnati – Cincinnati-Middletown, OH-KY-IN MSA$247.06.5%-0.7%
Cincinnati – Hotel$110.437.8%-4.0%
Cincinnati – Industrial$0.00.0%0.0%
Cincinnati – Multifamily$0.00.0%0.0%
Cincinnati – Office$0.00.0%0.0%
Cincinnati – Other$06.92.5%-2.8%
Cincinnati – Retail$129.819.2%-0.5%
Cincinnati – Self Storage$0.00.0%-1.7%
Cleveland – Cleveland-Elyria-Mentor, OH MSA$379.29.6%-2.2%
Cleveland – Hotel$77.539.6%-10.2%
Cleveland – Industrial$0.00.0%0.0%
Cleveland – Multifamily$0.00.0%-0.2%
Cleveland – Office$104.012.8%0.1%
Cleveland – Other$175.943.1%2.6%
Cleveland – Retail$21.72.9%-9.5%
Cleveland – Self Storage$0.00.0%0.0%
Columbus, OH – Columbus, OH MSA$228.63.5%-0.1%
Columbus, OH – Hotel$83.427.4%0.4%
Columbus, OH – Industrial$11.83.2%0.0%
Columbus, OH – Multifamily$0.00.0%0.0%
Columbus, OH – Office$12.32.1%0.0%
Columbus, OH – Other$0.00.0%0.0%
Columbus, OH – Retail$121.114.9%0.1%
Columbus, OH – Self Storage$0.00.0%-18.0%
Dallas – Dallas-Fort Worth-Arlington, TX MSA$509.41.6%-0.1%
Dallas – Hotel$214.06.1%-0.7%
Dallas – Industrial$01.70.1%0.0%
Dallas – Multifamily$09.20.0%0.0%
Dallas – Office$102.62.8%0.1%
Dallas – Other$23.51.1%0.0%
Dallas – Retail$158.36.6%0.0%
Dallas – Self Storage$0.00.0%-3.2%
Denver – Denver-Aurora, CO MSA$357.42.2%0.1%
Denver – Hotel$35.94.2%0.0%
Denver – Industrial$0.00.0%0.0%
Denver – Multifamily$0.70.0%0.0%
Denver – Office$183.09.5%0.3%
Denver – Other$66.57.0%0.0%
Denver – Retail$71.34.7%1.0%
Denver – Self Storage$0.00.0%-1.9%
Detroit – Detroit-Warren-Livonia, MI MSA$410.54.5%-0.8%
Detroit – Hotel$213.730.2%0.0%
Detroit – Industrial$18.33.4%0.0%
Detroit – Multifamily$02.30.1%-0.9%
Detroit – Office$0.00.0%0.0%
Detroit – Other$22.13.7%0.1%
Detroit – Retail$153.99.2%-2.5%
Detroit – Self Storage$0.00.0%0.0%
Hartford – Hartford-West Hartford-East Hartford, CT MSA$192.97.7%-0.4%
Hartford – Hotel$75.355.1%-0.2%
Hartford – Industrial$0.00.0%0.0%
Hartford – Multifamily$0.00.0%-0.5%
Hartford – Office$87.622.1%0.0%
Hartford – Other$0.00.0%0.0%
Hartford – Retail$30.112.7%-0.1%
Hartford – Self Storage$0.00.0%0.0%
Houston – Houston-Sugar Land-Baytown, TX MSA$1,138.14.8%-2.2%
Houston – Hotel$579.849.2%-0.5%
Houston – Industrial$04.20.9%0.0%
Houston – Multifamily$28.80.2%0.0%
Houston – Office$423.410.6%-1.4%
Houston – Other$0.00.0%0.0%
Houston – Retail$101.92.6%-10.8%
Houston – Self Storage$0.00.0%-7.6%
Indianapolis – Indianapolis-Carmel, IN MSA$239.04.6%-0.7%
Indianapolis – Hotel$81.713.4%-0.1%
Indianapolis – Industrial$0.00.0%0.0%
Indianapolis – Multifamily$32.01.3%-1.5%
Indianapolis – Office$75.212.3%0.0%
Indianapolis – Other$09.72.9%0.0%
Indianapolis – Retail$37.87.4%0.1%
Indianapolis – Self Storage$02.63.6%-2.3%
Jacksonville – Jacksonville, FL MSA$55.51.1%0.0%
Jacksonville – Hotel$38.49.8%0.7%
Jacksonville – Industrial$0.00.0%0.0%
Jacksonville – Multifamily$01.50.0%-0.1%
Jacksonville – Office$04.20.9%0.9%
Jacksonville – Other$0.00.0%0.0%
Jacksonville – Retail$11.52.6%0.0%
Jacksonville – Self Storage$0.00.0%0.0%
Kansas City – Kansas City, MO-KS MSA$147.92.9%0.6%
Kansas City – Hotel$87.129.0%10.4%
Kansas City – Industrial$0.00.0%0.0%
Kansas City – Multifamily$07.50.3%0.0%
Kansas City – Office$0.00.0%0.0%
Kansas City – Other$0.00.0%-1.2%
Kansas City – Retail$53.37.5%0.0%
Kansas City – Self Storage$0.00.0%-0.8%
Las Vegas – Las Vegas-Paradise, NV MSA$349.31.8%0.0%
Las Vegas – Hotel$30.30.4%0.2%
Las Vegas – Industrial$0.00.0%0.0%
Las Vegas – Multifamily$0.00.0%0.0%
Las Vegas – Office$21.83.1%0.0%
Las Vegas – Other$0.00.0%0.0%
Las Vegas – Retail$297.26.3%-0.1%
Las Vegas – Self Storage$0.00.0%-1.4%
Los Angeles – Los Angeles-Long Beach-Santa Ana, CA MSA$1,080.12.2%-0.3%
Los Angeles – Hotel$522.311.7%1.8%
Los Angeles – Industrial$02.00.2%0.0%
Los Angeles – Multifamily$37.10.2%-0.4%
Los Angeles – Office$69.40.6%0.0%
Los Angeles – Other$107.93.5%1.2%
Los Angeles – Retail$341.45.2%-2.7%
Los Angeles – Self Storage$0.00.0%0.0%
Louisville – Louisville/Jefferson County, KY-IN MSA$548.517.7%-0.2%
Louisville – Hotel$242.856.1%1.4%
Louisville – Industrial$0.00.0%0.0%
Louisville – Multifamily$03.70.3%0.0%
Louisville – Office$0.00.0%0.0%
Louisville – Other$0.00.0%0.0%
Louisville – Retail$301.947.3%-0.2%
Louisville – Self Storage$0.00.0%0.0%
Memphis – Memphis, TN-AR-MS MSA$126.45.5%-0.6%
Memphis – Hotel$28.417.5%-5.1%
Memphis – Industrial$0.00.0%0.0%
Memphis – Multifamily$17.81.6%0.0%
Memphis – Office$0.00.0%0.0%
Memphis – Other$18.429.4%1.6%
Memphis – Retail$61.816.1%-0.1%
Memphis – Self Storage$0.00.0%-1.2%
Miami – Miami-Fort Lauderdale-Pompano Beach, FL MSA$633.02.8%0.0%
Miami – Hotel$231.05.2%0.1%
Miami – Industrial$0.00.0%0.0%
Miami – Multifamily$05.50.1%0.0%
Miami – Office$16.80.8%0.4%
Miami – Other$08.60.5%0.0%
Miami – Retail$371.16.7%-0.1%
Miami – Self Storage$0.00.0%0.0%
Milwaukee – Milwaukee-Waukesha-West Allis, WI MSA$274.711.3%1.1%
Milwaukee – Hotel$35.323.7%0.0%
Milwaukee – Industrial$0.00.0%0.0%
Milwaukee – Multifamily$0.00.0%0.0%
Milwaukee – Office$88.218.2%6.3%
Milwaukee – Other$0.00.0%0.0%
Milwaukee – Retail$151.228.9%-0.2%
Milwaukee – Self Storage$0.00.0%0.0%
Minneapolis – Minneapolis-St. Paul-Bloomington, MN-WI MSA$1,891.923.0%0.1%
Minneapolis – Hotel$308.250.8%0.1%
Minneapolis – Industrial$0.00.0%0.0%
Minneapolis – Multifamily$0.00.0%0.0%
Minneapolis – Office$140.36.9%-0.1%
Minneapolis – Other$11.62.9%0.0%
Minneapolis – Retail$1,431.773.8%0.4%
Minneapolis – Self Storage$0.00.0%0.0%
Nashville – Nashville-Davidson-Murfreesboro-Franklin, TN MSA$143.12.3%-1.6%
Nashville – Hotel$133.79.3%-7.3%
Nashville – Industrial$0.00.0%0.0%
Nashville – Multifamily$0.00.0%0.0%
Nashville – Office$0.00.0%0.0%
Nashville – Other$0.00.0%0.0%
Nashville – Retail$09.41.2%0.0%
Nashville – Self Storage$0.00.0%0.0%
New Orleans – New Orleans-Metairie-Kenner, LA MSA$466.413.4%-0.5%
New Orleans – Hotel$388.336.5%-1.6%
New Orleans – Industrial$0.00.0%0.0%
New Orleans – Multifamily$13.21.6%-0.1%
New Orleans – Office$27.45.1%-0.5%
New Orleans – Other$14.97.7%-0.1%
New Orleans – Retail$22.53.1%-0.1%
New Orleans – Self Storage$0.00.0%0.0%
New York City – New York-Northern New Jersey-Long Island, NY-NJ-PA MSA$5,830.14.8%0.0%
New York City – Hotel$1,563.342.5%-0.1%
New York City – Industrial$13.90.7%0.4%
New York City – Multifamily$499.81.5%0.0%
New York City – Office$1,092.32.5%-0.1%
New York City – Other$1,376.06.0%0.5%
New York City – Retail$1,284.89.3%-1.2%
New York City – Self Storage$0.00.0%0.0%
Orlando – Orlando-Kissimmee, FL MSA$187.01.8%0.2%
Orlando – Hotel$98.13.4%0.6%
Orlando – Industrial$0.00.0%0.0%
Orlando – Multifamily$01.90.0%0.0%
Orlando – Office$47.09.7%0.0%
Orlando – Other$0.00.0%0.0%
Orlando – Retail$40.04.7%-0.1%
Orlando – Self Storage$0.00.0%0.0%
Philadelphia – Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA$735.74.0%-0.4%
Philadelphia – Hotel$277.130.9%-2.8%
Philadelphia – Industrial$0.00.0%0.0%
Philadelphia – Multifamily$90.11.0%-0.2%
Philadelphia – Office$106.92.7%-0.7%
Philadelphia – Other$47.63.5%0.0%
Philadelphia – Retail$214.08.7%-0.2%
Philadelphia – Self Storage$0.00.0%0.0%
Phoenix – Phoenix-Mesa-Scottsdale, AZ MSA$243.91.4%0.0%
Phoenix – Hotel$38.82.3%0.0%
Phoenix – Industrial$10.13.6%0.1%
Phoenix – Multifamily$0.00.0%0.0%
Phoenix – Office$23.71.0%0.0%
Phoenix – Other$15.51.8%0.0%
Phoenix – Retail$155.86.8%-0.3%
Phoenix – Self Storage$0.00.0%0.0%
Pittsburgh – Pittsburgh, PA MSA$55.91.1%-0.8%
Pittsburgh – Hotel$24.911.4%-13.8%
Pittsburgh – Industrial$0.00.0%0.0%
Pittsburgh – Multifamily$0.00.0%0.0%
Pittsburgh – Office$15.31.4%0.0%
Pittsburgh – Other$08.02.1%0.3%
Pittsburgh – Retail$07.81.1%0.0%
Pittsburgh – Self Storage$0.00.0%0.0%
Portland – Portland-Vancouver-Beaverton, OR-WA MSA$494.47.3%0.0%
Portland – Hotel$471.254.5%0.4%
Portland – Industrial$0.00.0%0.0%
Portland – Multifamily$10.20.2%0.0%
Portland – Office$13.03.5%-1.8%
Portland – Other$0.00.0%0.0%
Portland – Retail$0.00.0%0.0%
Portland – Self Storage$0.00.0%0.0%
Raleigh – Raleigh-Cary, NC MSA$11.10.3%0.1%
Raleigh – Hotel$09.53.5%0.5%
Raleigh – Industrial$0.00.0%0.0%
Raleigh – Multifamily$0.00.0%0.0%
Raleigh – Office$0.00.0%0.0%
Raleigh – Other$0.00.0%0.0%
Raleigh – Retail$01.60.5%0.5%
Raleigh – Self Storage$0.00.0%0.0%
Richmond – Richmond, VA MSA$82.12.4%0.0%
Richmond – Hotel$0.00.0%0.0%
Richmond – Industrial$0.00.0%0.0%
Richmond – Multifamily$0.00.0%0.0%
Richmond – Office$0.00.0%0.0%
Richmond – Other$0.00.0%0.0%
Richmond – Retail$82.114.6%0.0%
Richmond – Self Storage$0.00.0%0.0%
Riverside – Riverside-San Bernardino-Ontario, CA MSA$308.93.3%0.0%
Riverside – Hotel$79.425.8%-1.2%
Riverside – Industrial$0.00.0%0.0%
Riverside – Multifamily$08.10.2%0.2%
Riverside – Office$0.00.0%0.0%
Riverside – Other$0.00.0%0.0%
Riverside – Retail$221.410.4%-0.2%
Riverside – Self Storage$0.00.0%0.0%
Sacramento – Sacramento-Arden-Arcade-Roseville, CA MSA$59.41.0%0.6%
Sacramento – Hotel$39.710.9%9.3%
Sacramento – Industrial$0.00.0%0.0%
Sacramento – Multifamily$0.00.0%0.0%
Sacramento – Office$06.10.8%0.0%
Sacramento – Other$0.00.0%0.0%
Sacramento – Retail$13.61.7%0.0%
Sacramento – Self Storage$0.00.0%0.0%
Salt Lake City – Salt Lake City, UT MSA$46.91.3%0.0%
Salt Lake City – Hotel$46.916.9%0.6%
Salt Lake City – Industrial$0.00.0%0.0%
Salt Lake City – Multifamily$0.00.0%0.0%
Salt Lake City – Office$0.00.0%0.0%
Salt Lake City – Other$0.00.0%0.0%
Salt Lake City – Retail$0.00.0%0.0%
Salt Lake City – Self Storage$0.00.0%0.0%
San Antonio – San Antonio, TX MSA$133.82.1%-0.1%
San Antonio – Hotel$08.42.3%-0.1%
San Antonio – Industrial$0.00.0%0.0%
San Antonio – Multifamily$0.00.0%0.0%
San Antonio – Office$0.00.0%0.0%
San Antonio – Other$0.00.0%0.0%
San Antonio – Retail$125.414.1%-0.2%
San Antonio – Self Storage$0.00.0%-1.0%
San Diego – San Diego-Carlsbad-San Marcos, CA MSA$113.41.0%-0.9%
San Diego – Hotel$79.14.0%0.0%
San Diego – Industrial$0.00.0%0.0%
San Diego – Multifamily$09.50.2%0.2%
San Diego – Office$0.00.0%0.0%
San Diego – Other$20.53.0%0.1%
San Diego – Retail$04.30.3%-8.9%
San Diego – Self Storage$0.00.0%0.0%
San Francisco – San Francisco-Oakland-Fremont, CA MSA$383.11.6%0.3%
San Francisco – Hotel$171.67.3%0.0%
San Francisco – Industrial$0.00.0%0.0%
San Francisco – Multifamily$20.00.3%0.0%
San Francisco – Office$105.31.1%0.5%
San Francisco – Other$38.62.1%0.4%
San Francisco – Retail$47.64.0%-0.1%
San Francisco – Self Storage$0.00.0%0.0%
San Jose – San Jose-Sunnyvale-Santa Clara, CA MSA$135.90.9%0.2%
San Jose – Hotel$121.25.8%1.5%
San Jose – Industrial$0.00.0%0.0%
San Jose – Multifamily$0.00.0%0.0%
San Jose – Office$14.70.2%0.0%
San Jose – Other$0.00.0%0.0%
San Jose – Retail$0.00.0%0.0%
San Jose – Self Storage$0.00.0%0.0%
Seattle – Seattle-Tacoma-Bellevue, WA MSA$113.30.7%0.0%
Seattle – Hotel$109.08.3%0.0%
Seattle – Industrial$0.00.0%0.0%
Seattle – Multifamily$04.40.1%0.1%
Seattle – Office$0.00.0%0.0%
Seattle – Other$0.00.0%0.0%
Seattle – Retail$0.00.0%0.0%
Seattle – Self Storage$0.00.0%0.0%
St. Louis – St. Louis, MO-IL MSA$410.49.7%-0.1%
St. Louis – Hotel$58.120.6%-0.1%
St. Louis – Industrial$0.00.0%0.0%
St. Louis – Multifamily$24.21.5%0.0%
St. Louis – Office$107.119.3%0.1%
St. Louis – Other$23.04.2%-0.6%
St. Louis – Retail$197.919.8%-0.2%
St. Louis – Self Storage$0.00.0%0.0%
Tampa – Tampa-St. Petersburg-Clearwater, FL$300.43.5%0.2%
Tampa – Hotel$29.94.3%1.7%
Tampa – Industrial$0.00.0%0.0%
Tampa – Multifamily$02.50.0%0.0%
Tampa – Office$23.84.2%0.2%
Tampa – Other$0.00.0%0.0%
Tampa – Retail$244.226.7%-0.2%
Tampa – Self Storage$0.00.0%0.0%
Tucson – Tucson, AZ MSA$181.05.9%0.5%
Tucson – Hotel$19.48.1%6.2%
Tucson – Industrial$0.00.0%0.0%
Tucson – Multifamily$0.00.0%0.0%
Tucson – Office$0.00.0%0.0%
Tucson – Other$0.00.0%0.0%
Tucson – Retail$161.620.1%-0.1%
Tucson – Self Storage$0.00.0%0.0%
Virginia Beach – Virginia Beach-Norfolk-Newport News, VA-NC MSA$232.95.1%0.4%
Virginia Beach – Hotel$09.42.1%-0.5%
Virginia Beach – Industrial$21.26.9%0.2%
Virginia Beach – Multifamily$0.00.0%0.0%
Virginia Beach – Office$0.00.0%0.0%
Virginia Beach – Other$0.00.0%0.0%
Virginia Beach – Retail$202.323.0%2.2%
Virginia Beach – Self Storage$0.00.0%0.0%
Washington, DC – Washington-Arlington-Alexandria, DC-VA-MD-WV MSA$607.32.2%0.0%
Washington, DC – Hotel$30.03.4%-1.4%
Washington, DC – Industrial$11.22.0%0.0%
Washington, DC – Multifamily$01.20.0%0.0%
Washington, DC – Office$377.75.4%0.2%
Washington, DC – Other$44.72.8%0.0%
Washington, DC – Retail$142.55.2%-0.3%
Washington, DC – Self Storage$0.00.0%0.0%
Grand Total$24,536.33.7%-0.2%

About CRED iQ

CRED iQ is a commercial real estate data, analytics, and valuation platform providing actionable intelligence to CRE and capital markets investors. Subscribers to CRED iQ use the platform to identify valuable leads for leasing, lending, refinancing, distressed debt, and acquisition opportunities. Our data platform is powered by over $2.0 trillion of CMBS, CRE CLO, SBLL, Ginnie Mae, FHA/HUD, and Freddie Mac loan and property data.