DBRS Releases DBRS Market Rank Update

DBRS, Inc. (DBRS) released an update of the DBRS Market Index, which was originally published in the Market Rank and Market Index for commercial mortgage-backed securities (CMBS) in November 2016. The DBRS Market Rank provides a granular viewpoint on market liquidity in the respective commercial real estate market by incorporating population, local economic data, CMBS origination activity and market density within a given zip/postal code.

In this update, DBRS will enhance the DBRS Market Rank in three ways: first, it introduces a new market rank level 8 from the previous ranks of 1 to 7, with 8 now representing the highest density markets with the greatest amount of liquidity and most origination activity. Secondly, it optimizes the Market Rank algorithm by examining the statistics of each area in relation to the statistics of neighboring areas. Lastly, DBRS cross-validates the Market Rank through time and evaluates the stability of the index through the changing demographic and economic environment.

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