CMBS Production Rocketship Falls to Earth in 2008-2009

BLOGGER COMMENT: The biggest problem facing commercial real estate is the capital markets’ lack of liquidity. CMBS issuance went from $230 billion in 2007 to $12 billion in 2008 to less than a billion dollars YTD in 2009 (my source materials are labeled “CMSA-Compendium” and are available to view or download from the widget).