CMBS: Fundamentals Sound Overall With a Few Exceptions
We're watching the retail space following bankruptcy filings by Sports Authority and Hancock Fabrics, as well as markets with exposure to the oil and gas industries.
While real estate fundamentals depend on conditions in the local markets, Morningstar believes that overall, commercial real estate fundamentals remain sound. Nationally, the U.S. unemployment rate held steady at 4.9% in February and payrolls expanded by an average of 228,000 jobs over the past three months, according to the Bureau of Labor Statistics.
Steve Jellinek does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.