THE ASSOCIATION FOR REAL ESTATE SECURITIZATION 49 2011 January-February
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ARES REPORT Estimated Square Footage of Commercial Real Estate in the U.S.-2010 Office 13.4 Retail 12.3 Warehouse 11.1 Health Care 3.5 Education 10.9 Other 27.6 Total* 78.8 Source:Energy Information Administration *does not include apartment buildings billions of square feet 56 ARES January-February 2011
ARES REPORT billions of dollars U.S. Commercial Real Estate Sales 500 400 300 200 100 Retail Office Industrial Apartment International Investors percent of all U.S. commercial sales percent 25 20 15 10 5 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 0 2001 Q1 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 Source:Real Capital Analytics Source:Real Capital Analytics ARES January-February 2011 57
ARES REPORT Total OutstandingDistressedCommercial Real Estate billions of dollars billions of dollars 300 250 200 150 100 50 Source:Real Capital Analytics Resolved Restructured REO Troubled 0 Jan 07 July Jan 08 July Jan 09 July Jan 10 July Oct 58 ARES January-February 2011
ARES REPORT COMMERCIAL DELINQUENCIES Source:Trepp Delinquency rate on commercial mortgages contained in securitizations. Nov. 2010 8.93% '00 '02 '04 '06 '08 '10 10% 8 6 4 2 0 ARES January-February 2011 59
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