Miami, Fla - The tone at the Commercial Mortgage Securities Association's CMBS Investors Conference was somewhat congratulatory as the industry looked back on a record 2006 - both in terms of issuance and growing market share within institutional markets. Most panelists predicted more of the same for 2007, although there were also discussions about the macro concerns affecting the CMBS market.
In fact, there were at least two separate panels devoted to the real estate outlook for 2007, including a discussion on which markets will be affected by job downturns and housing price depreciation in an overly leveraged U.S. economy. Participants also talked about foreign commercial real estate and new markets in terms of outsourcing of U.S. jobs in these areas. The panelists also fielded questions on where the best investing opportunities lie and, conversely, what the greatest investor threats on the horizon are.