“The rapid changes taking place across space, equity and debt markets are having a significant effect on commercial and multifamily real estate transaction volumes," Jamie Woodwell, MBA’s vice president for commercial real estate research, said in a press release.
“After a record start to the year, we expect that the rise in rates, ongoing uncertainty about supply and demand balances among some property types, and concerns about the direction of the economy will suppress new loan originations in the second half of the year," Woodwell continued.