Complete industrial actual property mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 % enhance from the $429 billion in 2023, and a 39 % lower from $816 billion in 2022. That is in accordance with the Mortgage Bankers Affiliation’s 2024 Industrial Actual Property/Multifamily Finance Annual Origination Quantity Summation.
MBA’s survey tracked $411 billion of loans closed by devoted industrial mortgage bankers in 2024—a 34 % enhance from the $306 billion reported in 2023. Exercise from smaller and mid-sized depositories is estimated from different knowledge sources to reach on the $498 billion estimate for the overall market.
“Industrial actual property lending rebounded to $498 billion in 2024, up 16 % from the prior 12 months and pushed largely by multifamily exercise and continued energy from devoted mortgage banking companies, which closed $411 billion in loans,” mentioned Reggie Booker, MBA’s Affiliate Vice President of Industrial Actual Property Analysis. “Whereas nonetheless under 2021’s report originations exercise, the market confirmed renewed momentum. With an estimated $957 billion in CRE mortgage maturities coming due this 12 months, demand for refinancing and new capital shall be key drivers of market exercise.”
Devoted mortgage banking companies reported closing $411 billion of CRE loans in their very own names and serving as intermediaries on $303 billion. Corporations reported serving as funding gross sales brokers for $247 billion of offers.
—Posted on Could 27, 2025
