In a recent report, Morningstar said co-working is likely to have a major impact on underwriting and setting valuations of CMBS. Co-working is likely to have a major impact on underwriting and setting valuations of commercial mortgage-backed securities (CMBS), according to Lea Overby, managing director of Morningstar Credit Ratings. She noted in a podcast that office space appears fully occupied when rented to co-working companies such as Regus but may not be 100% rented out, making it difficult to assess a business's success. The rise of the sharing economy has also created new opportunities for businesses looking to expand their reach beyond traditional offices.
Co-working is likely to have a major impact on underwriting and setting valuations of commercial mortgage-backed securities (CMBS), according to Lea Overby, managing director of Morningstar Credit Ratings. She noted in a podcast that office space appears fully occupied when rented to co-working companies such as Regus but may not be 100% rented out, making it difficult to assess a business's success. The rise of the sharing economy has also created new opportunities for businesses looking to expand their reach beyond traditional offices.