Download (PDF 1.94 MB)
Highlights
The 2019 survey on commercial lending takes place in an economic environment marked by slightly higher interest rates and a lower level of bank reserves held by depository institutions that underpin the level of lending.
- 56% of respondents reported an increase in net operating income in 2018, a decrease from 65% in the previous year’s survey.
- 38% of respondents reported tighter lending conditions in 2018, up from 35% in 2017, with a higher fraction for retail stores.
- 65% of respondents reported the client used debt financing to purchase a property, with higher reliance on debt financing for suburban offices and retail malls.
- 5% to 7% was the average interest rate on loans.
