06.20.2024
NAR Commercial Real Estate Metro Market Report | 2024.Q1 Albuquerque, NM
View the Q1 2024 NAR Albuquerque, NM Commercial Real Estate Metro Market Report. Highlights include: Demand for office space is stronger than nationwide as this area has a faster absorption of office space. As a result,…
Read More06.18.2024
Multifamily Investment Market Shows Improvement
Conditions in the multifamily investment market have improved, driven by a steep contraction in property prices and growth in net operating income (NOI) that together offset the effect of higher mortgage rates. The effect was…
Read More06.12.2024
Office Bears the Brunt of CRE Distress at 2024 Halftime
Trepp's mid-year look at CRE described the office sector as "on the brink" and "navigating the pain of an uncertain future." "The commercial real estate (CRE) market continues to grapple with persistent risk and distress,…
Read More06.11.2024
How CRE Can Rise to the Challenge of Escalating Insurance Premiums
From recent Midwestern tornadoes to a 2024 hurricane season projected to produce 17 to 25 named storms, natural disasters are on the rise, spurring dramatic increases in commercial property insurance pricing. While some locations are…
Read More06.03.2024
More Renters Are Staying Put Longer
Multiple factors are leading renters to remain in place for longer periods of time, a new study by Redfin shows. It found that one in six, or 16.6%, of renters stayed in their home for…
Read More05.30.2024
Gov. Lujan Grisham calls to modernize permitting practices at NAIOP luncheon
During a NAIOP luncheon on May 30, New Mexico Governor Michelle Lujan Grisham emphasized the need to modernize the state's zoning and permitting processes to foster economic growth and meet the increasing demand for housing. Drawing attention…
Read More05.29.2024
Office-upfit costs continue to rise but have leveled off from inflation spikes
As companies continue to view their office real estate as a recruitment and retention tool, the cost to build out those spaces keeps climbing. That's according to a recent analysis by Jones Lang LaSalle Inc.…
Read More05.28.2024
Apartment Rents Post National Monthly Growth of Over 1% in May
The national rent index saw both one and two-bedrooms increase 1.2% this May to medians of $1,504 and $1,865, respectively, marking the first time there has been monthly growth rates of over 1% in 20…
Read More05.28.2024
More Law Firms Opt to Relocate Instead of Renewing
The number of law firms choosing to relocate their offices instead of renew existing leases is growing, and amenities have become a critical factor in relocation decisions, Colliers concluded in its 2024 spotlight report on…
Read More05.17.2024
The Case for Property-Wide Wi-Fi at Apartments
There’s a growing need for property-wide Wi-Fi in multifamily complexes. Tenants want Internet access in their units, but also when they’re in a gym, on a dog walk, sitting in a conference room, checking their…
Read More05.13.2024
Multi-Tenant Retail Investment Sales Up 7.8%
Multi-tenant retail investment sales activity in Q1 was up 7.8% over the previous quarter but is down nearly 18% year-over-year, according to a new report from Northmarq. The market, however, continues to outperform the days…
Read More05.13.2024
What a higher-for-longer interest-rate environment means for commercial real estate
Commercial real estate investors, owners and occupiers all have been monitoring whether the Federal Reserve will impose interest-rate cuts in 2024 after rapidly rising rates have substantially increased the cost of doing business. Earlier this…
Read More05.09.2024
Hotel Conversions Reach All-Time High
Conversion of old buildings into apartments is now a real “thing.” Hotels, offices, factories, warehouses, all are fair game if they meet the necessary conditions. In 2023, 12,713 new apartments emerged into new life from…
Read More05.06.2024
Congressional Lawmakers Launch Bipartisan Real Estate Caucus
NAR and other housing groups say it’s a critical step in addressing some of the national real estate market’s biggest challenges. A group of lawmakers on Capitol Hill have announced the new Bipartisan Congressional Real…
Read More05.06.2024
Industrial Development Lags Current and Future Demand
According to industrial CRE giant Prologis, its Industrial Business Indicator Activity Index showed an April level of activity “consistent with demand generation, supported by macro data that reflects restocking inventories amid resilient consumption activity, although…
Read More05.03.2024
This Office Landlord Reports Strong Leasing, Longer Terms
Boston Properties (BXP), one of the largest U.S. office landlords, reported strong leasing activity in the first quarter, with tenants opting to take longer-term leases that they did a year ago. The REIT inked close…
Read More05.02.2024
Online Grocery Sales to Grow 3X Faster Than In-Store
Online grocery sales are projected to increase at a compound annual growth rate (CAGR) of 4.5% over the next five years, more than three-times faster than the 1.3% CAGR anticipated for in-store grocery sales during…
Read More05.02.2024
Industrial Big Box Leasing Is On a Tear
2024 could be the third-highest year for industrial big-box leasing, CBRE projects. Even though a spate of new construction in 2023 brought a record 413 million SF to market, it expects that abundant supply to…
Read More05.02.2024
What Happens When An Advanced Leasing Agent Becomes Free
Multifamily rental marketplace Apartment List announced that it would provide its advanced GenAI leasing agent Lea Pro to property management partners at no cost. The move has some potentially disruptive implications. If it works as…
Read More05.01.2024
Troubled CRE Is Tapering While Sales Out of Distress Increase
The total amount of distressed CRE reached more than $88.6 billion by the end of 2024’s first quarter through the addition of net $2.7 billion, according to a new MSCI capital trends report. The net…
Read More05.01.2024
Multifamily’s Tough Times Will Be a Boon for Bargain Buyers
The multifamily fall from grace over the last couple of years was unexpected by most at the market’s pandemic highs. The increase in interest rates have hit hard, as have some other factors. But according…
Read More04.30.2024
Here’s why this L.A. company remains bullish on its $30M Downtown Albuquerque project
Palisociety, a Los Angeles-based hotel management company, wants to capitalize on New Mexico's booming film industry by revamping Hotel Blue on the corner of Central Avenue and Eighth Street. Located at 717 Central Ave. NW,…
Read More04.30.2024
How Office Is Balancing Competing Financing and Workplace Realities
Real estate debt is a big concern in today’s Fed environment, as the industry expects a 40% rise in debt maturities in 2024. Meanwhile, office properties – already facing record vacancies – represent the largest…
Read More04.26.2024
Shifting Office Trends Could Influence Site Selection Decisions
CommercialEdge’s report on how the national office market fared in March 2024 contains little good news for landlords, but it does describe shifting trends that are influencing some locational decisions as well as the risks posed by…
Read More04.24.2024
Fears of Ravaged Commercial Real Estate Market Have Eased, DoubleLine Says
Recovering risk appetite and tightening spreads in the commercial real estate market mean active managers have to work a little harder, according to DoubleLine Capital LP. The most “draconian” scenarios have been priced out of…
Read More04.23.2024
National Rents Remain Relatively Stable
Overall, national multifamily annual rent changes remain relatively stable, according to Zumper’s latest national rent report. But New York City has seen big gains. In April, Zumper’s rent index for one-bedroom apartments was down 0.6% to…
Read More04.23.2024
Total Commercial Real Estate Borrowing and Lending Declined 47 Percent in 2023
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47 percent decrease from the $816 billion in 2022, and a 52 percent decrease from the…
Read More04.22.2024
What Commercial Real Estate Agents Wish They Knew Sooner
I'm a social guy. I build networks, and I enjoy meeting new people. I try to keep in touch with the people I meet at conventions and conferences, and because of that, I know someone…
Read More04.19.2024
CRE Property Prices Fell 3% Year Over Year
What has become the usual news on CRE prices continues to be the case, according to an MSCI report; they were down now for the eighth month in a row. However, the rate decline slowed,…
Read More04.18.2024
Commercial real estate foreclosures jumped 117% in March as trouble looms
The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in March, up 6% from February and 117% from the same…
Read More04.18.2024
DXD Capital gives update on NE Heights development
DXD Capital, a real estate and private equity firm, is set to launch its latest venture — a climate-controlled self-storage facility — in Albuquerque's Northeast Heights later this fall. Located at 8041 Ventura St. NE,…
Read More04.18.2024
Commercial Real Estate Foreclosures Surge Amid Economic Challenges
The commercial real estate market is facing mounting pressure as higher interest rates and the shift to remote work weigh heavily on the sector. A new report by real estate data provider ATTOM reveals a…
Read More04.18.2024
Commercial Foreclosures Up 117% Year Over Year
The number of commercial foreclosures in the U.S. has steadily increased, from a low of 141 in May 2020 to 625 in March 2024, according to an updated report from ATTOM. That represents a 6%…
Read More04.17.2024
An Albuquerque stadium project advanced last week. This group wants to see more like it.
When Albuquerque's Environmental Planning Commission (EPC) heard a proposal on April 11 to amend the Balloon Fiesta Park master plan, allowing a large soccer stadium for local team New Mexico United on park grounds, more…
Read More04.17.2024
US regional banks seen booking more commercial property losses, loan sales
U.S. regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of…
Read More04.16.2024
After Two Year Slump, Prime Multifamily Metrics Uptick in U.S.
Recent research from CBRE indicates that prime multifamily assets have seen a slight improvement in going-in cap rates, exit cap rates, and unlevered internal rate of return (IRR) targets in Q1, 2024. This marks the…
Read More04.16.2024
US Office Outlook – Q1 2024
The first quarter of 2024 brought mixed results for the U.S. office market—while the macroeconomic picture and occupier demand are improving, negative net absorption remains stubbornly high as major occupiers continue to trim meaningful amounts…
Read More04.16.2024
How SIOR Is Embracing Change To Move The Office And Industrial Sectors Forward
Over the past four years, the office and industrial real estate markets have undergone seismic shifts. Since the onset of the pandemic, the office sector has struggled to keep up with evolving workplace demands and…
Read More04.15.2024
Surveys of landlords, occupiers suggest increased confidence in office-space decisions
Office landlords and the tenants they lease space to are both shifting into a new leasing paradigm more than four years after the onset of the Covid-19 pandemic. While it's been well established the pandemic…
Read More04.15.2024
Declines in office space value present years-long threat to financial system
Trading in florescent office lights for the comfort of home, by 2025, one in five Americans are expected to work remotely, according to the Census Bureau–a trend that terrifies the commercial real estate market and…
Read More04.13.2024
Why We Expect A Price Recovery In Commercial Real Estate
While 2023 was challenging for US commercial real estate (CRE) investors, we believe that it’s “off the floor in 2024,” with real estate poised to start its price recovery sometime in the second half of…
Read More04.12.2024
Apartment Rents Rise for Third Consecutive Month
The national median asking rent rose for the third consecutive month in March to 0.8%. It’s a pattern driven by a number of factors, including the rising costs of buying a home, a new Redfin…
Read More04.11.2024
What’s Hot In Commercial Real Estate
Goodwin Procter, one of the largest law firms in the world, said commercial real estate is ready to rebound. Rate cuts will boost real estate development. WASHINGTON – AI, operational real estate and office conversions…
Read More04.10.2024
These office buildings are outperforming the broader market. They have one thing in common.
The outlook for the U.S. office market remains bleak, with the national vacancy rate hitting another high in the first quarter of this year and losses continuing to mount on loans backed by towers across the country The vacancy…
Read More04.10.2024
Industrial Markets With the Best Fundamentals
The industrial sector has probably held up best of any in commercial real estate post-pandemic and during the fall in transactions, values, and rent growth. According to data from Yardi Matrix, the national average rent…
Read More04.07.2024
Commercial real estate is experiencing rising demand
The commercial real estate market has been on the rise. Many clients are stakeholders looking to buy investment properties, corporations looking to expand business into the area or medical professionals coming to the area to…
Read More04.04.2024
Apartment Expenses Grow as Insurance Premiums Spike
Although property insurance is only 7% of total expenses, it continues to take a whack at apartment operations with its share of overall costs is growing. Insurance costs spiked most in the Southeast and other…
Read More04.04.2024
Maybe 20% Vacancies Will Bring a New Normal to Office
Many in CRE have wondered when the office market would finally stabilize and calm. Probably not today, as vacancies have risen to 19.8%, up from 2023 Q4’s 19.6%, according to Bloomberg. Though that isn’t as bad…
Read More04.04.2024
Apartments.com Publishes Multifamily Rent Report for First Quarter of 2024
Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the first quarter of 2024. The U.S. multifamily market staged a strong rebound in demand during the…
Read More04.02.2024
How real estate investors can prepare for an economic rebound
Key takeaways An economic rebound may not be on the immediate horizon, but multifamily investors can still make preparations for the future. Multifamily investors should look at economic indicators, such as housing markets, interest rates, and…
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