GlobeSt.com / April 21st, 2020
GlobeSt.com reports: The percentage of commercial real estate deals that fell apart in March rose sixfold from the average failure rate, according to a recent post by Real Capital Analytics. This weakness accelerated throughout the first quarter, but the worst is likely yet to come, writes SVP Jim Costello.
On average from 2016 to 2019, such deals were only 0.4% of the total number of deals that closed in a single month. In March, this figure climbed to 1.3%.
View the full article on GlobeSt.com: Mismatched Pricing Expectations Drove Failed CRE Deals in March