11.11.2024
Interest Rate Trajectory Still Unclear
What happens to commercial real estate when interest rates jump up? It’s a trick question — the industry just spent the last two years finding out. Now the Federal Reserve’s Federal Open Market Committee is…
Read More11.05.2024
Signs of Optimism: Where Office Net Absorption Has Turned Positive
Although the pandemic feels like it happened long ago, many sectors of the economy are still struggling to recover from its lasting effects, and the office real estate sector is certainly one of them. The…
Read More11.04.2024
Flexibility remains paramount in office-leasing decisions
Although business owners and managers are beginning to make firmer decisions about their companies' real estate needs, most are still prioritizing flexibility in their lease terms. That's according to a recent survey by commercial lease-management…
Read More10.29.2024
Fed Rate Cuts in 2025 Could Unlock Multifamily Deal Flow
High financing costs and low cap rates have sidelined many multifamily investors, but the Federal Reserve's approach to lowering interest rates could be key to unlocking deal flow in 2025. According to a new report…
Read More10.21.2024
CRE investors prepare for a busier year of buying, selling in 2025
Commercial real estate transaction activity is picking up, even ahead of the Federal Reserve's interest-rate cut last month. The U.S. commercial real estate market saw almost $60 billion in transaction volume in the second quarter, a…
Read More10.15.2024
Is Your Office Property a Candidate for a Data Center Conversion?
Data centers are in high demand by many industries, including agriculture, banking, inventory, defense, mining, and healthcare. According to a recent report by Newmark, data center demand will double by 2030. Given the excess office…
Read More10.15.2024
Young Adults Fuel Revival of Small Towns and Rural Areas
One assumption about population migration is that people are moving from one major metro to another in search of work and lower living costs, going from gateway cities to the Sun Belt. As often happens,…
Read More10.14.2024
Office-leasing demand starts to make a comeback nationally
Signs are emerging that companies are feeling more confident about their office-leasing decisions, prompting a bump in touring and leasing activity in several U.S. markets. In New York City, there was about 18.6 million square…
Read More10.10.2024
How Malls Are Adapting to Ensure Long-Term Success
This year's back-to-school season breathed new life into indoor malls, with a recent report from Placer.ai revealing a significant 7.3% increase in foot traffic compared to the previous year. This surge in popularity wasn't limited…
Read More10.09.2024
Senior Housing Demand Continues to Increase Faster Than Supply
A new data analysis from the National Investment Center for Seniors Housing & Care suggests that the demand for senior housing increasingly exceeds the number of available units in the third quarter of 2024. Senior…
Read More10.09.2024
Rents Continue to Decline in Most Major Cities
Four out of five of the nation's 100 largest cities experienced month-over-month rent drops in September and the outlook for the future is more of the same, a new report from Apartment List predicts. "We…
Read More10.08.2024
Golf Resurgence Boosts Revenues for Resorts, Hotels
Although golf's popularity in the U.S. has not returned to its zenith prior to the Great Financial Crisis, new findings from CBRE suggest that the sport's growing appeal is proving to be a boon for…
Read More10.07.2024
Office Market May Have Hit Bottom After Wave of Discounted Sales
The office market may have hit its bottom following a series of stressed property sales at discounted rates during the past quarter, which have set a new pricing benchmark, according to a Reuters report. Seven…
Read More10.04.2024
Dock Workers and Ports Come to Temporary Settlement
The International Longshoremen's Association, which went out on strike on Tuesday, and the operators of ports on the East Coast and Gulf Coast agreed to a temporary settlement until January 15, 2024. Port employers offered…
Read More09.25.2024
Permitting and Economic Factors Continue to Impact Multifamily Project Timelines
A new report from the National Multifamily Housing Council presents a mixed report on the state of multifamily construction in the U.S. On the one hand, fewer delays are being experienced on the projects that…
Read More09.23.2024
‘Christmas for real estate:’ Which CRE sectors will benefit most from interest-rate cuts
The long-awaited cut in interest rates that came last week was largely celebrated by commercial real estate investors and developers, with many saying the news signals a much-needed turning of the tide for the industry.…
Read More09.19.2024
Office Leasing Activity Expected to Continue Upward Climb Into Next Year
More office leases are being signed today than before the pandemic, and leasing activity is expected to increase later this year and into 2025 as occupiers gain confidence in making real estate decisions amid a…
Read More09.09.2024
Commercial real estate loan delinquencies see uptick among banks
Commercial real estate loan delinquencies among U.S. banks continue to pile up as the nation sees fallout from a post-pandemic office market. The delinquency ratio for CRE loans across banks rose 16 basis points in…
Read More09.09.2024
Double-Digit Office Cap Rates Continue to Climb
Double-digit cap rates have become pervasive for Class B and C properties, according to an analysis by CBRE. This comes after the firm reported earlier this year that Class C office yields were frequently exceeding…
Read More09.06.2024
Multifamily Demand Rose 102% in Q2
The gap between homeownership and rental costs has continued to widen during the second quarter, according to Newmark's most recent multifamily capital markets report. The gap increased 26.7% year-over-year to $1,114. Meanwhile, MBA's Mortgage Application…
Read More09.03.2024
The Often Overlooked Bright Future of Retail CRE
Much of the discussion about commercial real estate through and after the formal pandemic has been a triptych. The asset classes include office, multifamily, and industrial. The first one quickly tumbled. The second and third…
Read More09.03.2024
Industrial Absorption Set To Grow on Rate Drop Expectations
Industrial net absorption for the second half of 2024 is expected to reach approximately 114 million square feet, up from 67.1 million square feet absorbed during the first half of the year. First-quarter absorption was…
Read More08.23.2024
In a Switch, Large Property Sales Outperform Smaller Deals
There's evidence of some reversal in a pattern of property sales based on size from the middle of 2023. Similar to the value-weighted and equal-weighted, smaller properties did better in the long run. Investment grade…
Read More08.19.2024
New Multifamily Data Points to a Stabilizing Market
The multifamily housing market is showing promising signs of recovery, with recent data from CoStar Group revealing a significant increase in demand and stabilization of vacancy rates. Absorption rates have notably risen from 118,000 units…
Read More08.19.2024
What Employees Want in Today’s Office Space
In the shifting post-pandemic work landscape, companies have focused on creating office environments with shared spaces and high-end amenities from catered lunches to modern outdoor spaces, all with a goal of enticing employees back to…
Read More08.19.2024
CRE Firms Should Keep Track of State AI Legislation
While watching what types of artificial intelligence technology are in the CRE and general software in use at a CRE company, executives should pay attention to what might affect how the systems have an impact…
Read More08.16.2024
This Expert Detects a Shift in CRE Bank Lending
Banks are eager to lend for certain high-performing properties, according to Michael Thom, attorney in the business and finance department at Obermayer. "Lenders are more eager to get the money on the street," Thom told…
Read More08.15.2024
Can Renovations Compete with New Office Construction?
Dated office buildings, even four-star properties classified as commodity Class A, continue to struggle to maintain occupancy and have had difficulty replacing tenants who move out. As tenants increasingly favor new construction, renovating older office…
Read More08.14.2024
Apartment rents hit a post-pandemic milestone — and more landlords are sweetening their deals
Rental rates on some apartment types slipped in July compared to the same time a year prior, the first time that's occurred since June 2020 — the height of the Covid-19 pandemic. Median asking rents…
Read More08.14.2024
CRE Capital Markets, Lending Show Improvement
It takes time to turn a large vessel and after years of downward trajectories – but commercial real estate is seeing some positive movement. CBRE said second-quarter capital markets and lending figures showed improvement in…
Read More08.13.2024
Industrial Demand Nears Turning Point
Industrial vacancy has risen for six straight quarters to reach 6.1% in June and more space is soon to be delivered. But developers need not panic as the tide is about to turn, according to…
Read More08.13.2024
Net Lease Transaction Volume Down Nearly 15%
Newmark's report on net lease transactions in the second quarter of 2024 showed a 14.71% slowdown from the same period in 2023. The dollar volume dropped from $10.74 billion to $8.93 billion, according to the…
Read More08.08.2024
Inside the Growing Trend of Retailtainment
Retailtainment has become a significant draw for consumers, especially now as many are being more cautious with their spending dollars. According to research from AIScreen, the experience has boosted store visits and sales by 30…
Read More07.30.2024
Retail Resurgence Headlining Current CRE State
Not all segments of commercial real estate are created equal. Some right now are thriving, while others are struggling to see demand. Since the onset of the pandemic, life has changed. More Americans are employed…
Read More07.29.2024
Short-term rentals reach ‘a turning point’ after 2023 slump
Short-term-rental supply and demand have both lagged somewhat in the face of higher interest rates and a slowdown in bookings since the Covid-19 pandemic, but the industry could be poised for a rebound. Growth in…
Read More07.12.2024
4 Ways that Data is Changing the Way We Transact
The commercial real estate (CRE) industry is in a period of unprecedented evolution, triggered by the availability of new technologies and changing societal norms. One of the slower industries to shift into the cyber age,…
Read More07.11.2024
Multifamily Construction Permits are Down 30%
Builders are seeking fewer construction permits for multifamily properties due to elevated interest rates and an increasingly saturated market. According to Redfin, permits to build apartments in the United States have dropped nearly 30% since…
Read More07.10.2024
Cities betting on incentives to fuel downtown comeback
City leaders in Durango, Colorado, recently unveiled an initiative aimed at keeping businesses in town. Introduced last month, the Economic Development Incentive program will be tailored to individual companies, but its focus overall is on…
Read More07.10.2024
Multifamily Market Logs Encouraging H1 Performance
Advertised rents in the multifamily market increased 1.5% across the country during the first half of 2024, a moderately positive result that should be considered a win given the market environment, according to the Yardi…
Read More07.10.2024
New Metrics Define Office Success in Hybrid Work World
The shift to hybrid work is changing the underlying metrics companies are using to predict how much space they need, address costs and improve the workplace experience. Rather than focusing on how many people an…
Read More07.08.2024
Industrial Absorption Doubles As Vacancy Ticks Higher
Absorption of industrial property doubled in 2Q2024, even though the industrial vacancy rate rose to 6.1%, exceeding 6% for the first time in nine years. The market's absorption of 46.3 million SF reflected healthy market…
Read More07.08.2024
More Warehouse Operations Adopt AI-Enabled Vision Systems
Gartner recently predicted that by 2027, half of companies with warehouse operations will replace traditional scanning-based counting with artificial intelligence-enabled vision systems. These new systems will use 3D cameras, computer vision software, AI-powered pattern recognition,…
Read More07.08.2024
Recent Sales Volumes Signal Strengthening Market for Some Sectors
Although May sales volume totals remained low, portfolio activity along with properties on the market indicate stronger months could be coming. After single-digit, year-over-year declines in March and April, volume was down 38% in May,…
Read More07.05.2024
Foot Traffic Keeps Retail Market Moving
Retail property owners looking for tenants are in a favorable position, with widespread demand for space driven by low vacancy and limited construction. The retail sector is performing strongly as consumer resiliency and a strong…
Read More07.05.2024
Here are the economic development initiatives Las Cruces leaders are focused on
With the midpoint of 2024 hit, Albuquerque Business First reached out to economic development leaders with the City of Las Cruces to get a better grasp on some of their main focus areas. Here’s what…
Read More07.03.2024
Small Bay Market Emerges as Strong Industrial Performer
While much attention and development activity has focused on larger industrial categories over the past several years, the small-bay tenant market is emerging as a strong performer on tighter supply and attractive investment characteristics. The…
Read More07.03.2024
Apartments Taking Longer to Rent
"Renters today must earn $66,120 to afford the median priced apartment," a new analysis from Redfin reports. That is $11,408 more than the typical U.S. renter earns, Redfin estimated. Even though apartment oversupply is holding…
Read More07.01.2024
Office Market Remains a Mixed Bag as Return to Office Strategies Vary
As the office market continues to search for stability in the wake of COVID-19 disruption, there are signs the sector's rapid descent could be slowing but indicators are mixed from market to market. Momentum in…
Read More07.01.2024
CRE expectations mixed for cost of capital, dealmaking in second half of 2024
The outlook among commercial real estate industry players remains mixed as 2024 officially hits its midway point. A second-quarter survey of industry representatives by Altus Group found slightly more respondents were concerned about the possibility of…
Read More06.24.2024
What’s Changed in CRE Sales Trends
Crexi's National Commercial Real Estate Report for May saw some overall positive changes for property owners. At the top, they saw the asking price per square foot climb by 3.76% across the marketplace, accompanied by…
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