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April 13, 2018  

CMBS Resistant to Lower Rents in NY

Securitized commercial mortgages on Manhattan properties are concentrated in submarkets that are relatively insulated from declining performance, according to a Kroll study.Following several years of steady increases, “Manhattan rents are either declining or experiencing nominal growth,” according to a draft of an upcoming report by the rating agency. “In addition to lowering rents, landlords are handing out generous concessions...

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