Property Debt’s ‘Maturity Wall’ Eases as $875 Billion Comes Due

A steadily building wall of maturing property debt in the US is finally letting up as the outlook for commercial real estate improves.

Commercial and multifamily real estate debt maturities are expected to decline 9% this year — to $875 billion — from $957 billion last year, according to a report from the Mortgage Bankers Association. The group’s forecast shows a steady decline in annual maturities through 2031.