02.14.2024
Office Agony Isn’t Over, Says Morgan Stanley
There have been two camps on the immediate future of office properties. One — the larger it seems — say the pain will continue. The other sees better times, at least if the office is a Class-A…
Read More02.08.2024
February 2024 Commercial Real Estate Market Insights
While the U.S. economy remains resilient, the commercial real estate market’s performance during the first month of 2024 shows a nuanced landscape with sector–specific challenges and opportunities. The normalization of hybrid working arrangements continues to…
Read More02.05.2024
Navigating Apartment Markets’ Supply-Demand Issues
As apartment investors wade through the headlined, oversupplied markets, there is the chance they could capitalize on lesser-publicized markets, according to panelists at National Multifamily Housing Council’s Apartment Strategies Conference. Speaking last week at the…
Read More02.02.2024
6 Commercial Real Estate Trends to Watch
Experts say 2024 may be an opportunity for the commercial housing market to get back on solid footing by embracing shifting preferences and emerging trends. WASHINGTON – As we enter a new year, the commercial…
Read More02.02.2024
Dark days are coming for US commercial real estate and the banks holding the loans
The banking worries in the US this week were triggered by: New York Community Bancorp cutting its dividend on higher capital rules and commercial strain A Japanese bank reporting unexpected losses on US commercial real…
Read More02.01.2024
What Multifamily Rent Growth Patterns Will Look Like This Year
In 2023, national average asking rents increased by 1.6% in the multifamily rental market, according to a report from Yardi Matrix. The rent growth story is expected to be different this year, with Yardi Matrix…
Read More02.01.2024
Who’s Right About CRE?
There’s a lot of concern about commercial real estate in the industry, in the press, among experts. Is it as bad as all that? Depends on whom you ask and what type of property you…
Read More01.25.2024
NAR Commercial Real Estate Metro Market Report | 2023.Q3 Albuquerque, NM
The Albuquerque, NM commercial real estate market is stronger compared to the overall U.S. market. NAR Commercial Real Estate Market Conditions Index* 52.0 Overall economic conditions are stronger than nationally. The apartment property market is…
Read More01.20.2024
The year ahead: Will commercial real estate see lower interest rates and lower inflation in 2024?
What will the commercial real estate market look like in 2024? Real estate leaders expect it to be different from the past two years. In 2022 and 2023, the commercial real estate market felt the…
Read More01.12.2024
Here’s Some Optimism for Office
Doom and office are words that have been known to accompany each other these days. In terms of office properties selling for a loss more frequently, one analysis recently stated, “The doom loop for office properties…
Read More01.11.2024
Commercial Real Estate Market Predicted to Rebound in 2024
The battered commercial property business will likely see a rebound later this year. That’s the forecast from top analysts at Dallas-based CBRE Group, one of the world’s largest commercial real estate firms. “We expect 2024…
Read More01.11.2024
Industrial Vacancy Rate Expected to Peak at 6.5% in H2
The industrial vacancy rate topped 5% in the fourth quarter for the first time in three years and that trend is expected to continue through 2024 as new supply outstrips demand, according to Colliers’ Craig…
Read More01.10.2024
Commercial real estate could hit a breaking point this year as falling property values spur bankruptcies and forced selling, research firm says
Commercial real estate could face a reckoning this year as property values continue to fall, according to Capital Economics. The research firm pointed to the difficulties commercial real estate faced last year, with property values…
Read More01.08.2024
King Capital broker says this will be key part of deals in 2024
King Capital, a local commercial real estate firm, hired Jeannie Randolph as its vice president of business brokerage in 2023 to bridge the gap between a commercial real estate expert and a business broker. Her…
Read More01.08.2024
Apartment Supply to Thin Out Dramatically After This Year
It has been 36 years since the U.S. had so many apartments available for rent, according to a new RealPage report. And the effect has been predictable: rents have fallen in markets where there has…
Read More01.07.2024
CBRE broker says smaller footprints, shorter-term office renewals trends to watch in 2024
In October, Shona Martinez joined CBRE as a senior associate, specializing in office landlord and tenant representation. Martinez has more than 14 years of combined experience working for commercial real estate and financial services companies…
Read More01.05.2024
Analysis Industrial’s Vacancy Rate Tops 5% for First Time in Three Years
With demand muted and speculative construction completions persisting at a healthy rate, the industrial vacancy rate has crossed the 5% threshold after ticking up by 60 basis points to 5.2%, according to Cushman & Wakefield’s…
Read More01.05.2024
Multifamily Rent Growth Ends 2023 on a Falling Note
As the New Year rolls in, 2023 is hanging on when it comes to multifamily rent growth. Apartment List reported that the market closed in December with national median rent dropping 0.8% to $1,379. That…
Read More01.03.2024
What will be the biggest retail trends in Albuquerque this year? Colliers broker responds.
Retail broker Ben Perich was named senior vice president and principal at Colliers International in 2022. His role involves selling and leasing commercial retail space in the New Mexico and El Paso markets. Perich serves…
Read More01.01.2024
December 2023 Commercial Real Estate Market Insights
In 2023, inflation and interest rates emerged as the twin pillars steering the economic landscape and, consequently, the dynamics of the commercial real estate sector. In pursuit of lower inflation, the Federal Reserve implemented multiple…
Read More12.26.2023
CRE Credit Trends to Deteriorate Through 2025
Credit trends in commercial real estate will continue to deteriorate through 2024 and into 2025, says Fitch Ratings. Office will lead the decline, but properties in other sectors — retail, hotel, multifamily, and industrial — will also…
Read More12.20.2023
No one is throwing good money after bad.’ Why 2024 looks like trouble for commercial real estate.
First goes the easy money, then come the defaults, especially when property owners have already cashed out. Investors are bracing for 2024 to be pretty gloomy in the U.S. commercial real-estate market, with more landlords…
Read More12.20.2023
Why Maintaining Multifamily Occupancy Will be Tough Next Year
It’s going to be tough for apartment operators to maintain occupancies in a slowing economy, although property fundamentals should hold up in 2024 among a few challenges, according to a new report from Yardi Matrix.…
Read More12.20.2023
What the Soft Landing Could Look Like for CRE Next Year
A soft landing has been “baked in” for next year (but it is not guaranteed) and the pace of growth for commercial real estate will be slower in 2024 than it was in 2023, according…
Read More12.19.2023
Return to the office is dead’: Stanford economist says the US is ‘stuck’ with remote work as more offices sit empty — is the bell tolling for commercial real estate?
The great post-pandemic return to office (RTO) is a polarizing issue in the U.S. labor market. While many companies want their workers to return to the office for at least a few days a week…
Read More12.19.2023
Industrial’s Supply-Demand Should Balance by End of 2024
After unprecedented, accelerated growth in 2021 and 2022, industrial and logistics operators have taken their foot off the gas when it comes to new development and has even hit the brakes – at least this…
Read More12.19.2023
Data Show Industrial, Multifamily Still in Correction
Industrial and multifamily continued in their corrections mode last month, while retail performed best with four months straight of pricing gains, according to data from Crexi that is based on properties in its database. Office…
Read More12.18.2023
Commercial real estate volume may pick up in 2024 as Federal Reserve signals interest-rate cuts
Commercial real estate transactions slowed considerably in 2023, amid high interest rates, declining values and pricing uncertainty. Investment volume declined by 42% in 2023 from the prior year, according to CBRE Group Inc. (NYSE: CBRE).…
Read More12.18.2023
Industrial Rent Growth Will Temper to Historical Averages Next Year
Industrial and logistics rent growth has tempered a bit from its unprecedented high rate of the past 24 months, according to Colliers, which expects 2024 to see rates fall in line with the historical averages…
Read More12.13.2023
How CRE Fared in 2023’s Non-Recession
It was widely believed that the US would be in a recession by now, but that is not the case – it’s one of several 2023 forecasts that didn’t play out exactly how many thought…
Read More12.11.2023
Prediction: Multifamily Distress Will Start in H2 2024
Waiting for the distress wave in multifamily has been a thing since the fall of 2022. Many pros have been telling GlobeSt.com that it had to come. Interest rates that kept going up, too many…
Read More12.04.2023
Moody’s Analytics: 76% of office CMBS loans face high risk of unsuccessful refinancing in 2024
The office market is staring down a tough 2024 as loans backing those properties come due and borrowers face issues at refinancing. And given higher interest rates and lenders' added scrutiny of all commercial real…
Read More12.04.2023
Multifamily Maturities Weaken, While Office Improves
The pattern of analyzing CRE loans of late has been shaking heads at the progress of maturing office properties and taking some solace in some other property types like office. But in what Moody’s Analytics…
Read More11.30.2023
CRE Pricing Forecast Is Down, Down, Down
To summarize Colliers’ Q3 capital markets snapshot is done by looking at one graphic. Their quarterly pricing forecast for office, industrial, multifamily, retail, and hospital is down, down, down, down, and down. The company explained…
Read More11.29.2023
Multifamily loans will face a critical test in 2024 and beyond
Long a darling of the commercial real estate industry, the rental housing market is showing warning signs, as slowing rent growth and demand, higher interest rates, and greater operational expenses test multifamily owners and developers.…
Read More11.28.2023
Industrial and Multifamily Sectors Face Challenges, Slowdown
After steady increases, demand for industrial and multifamily space appears to be slowing significantly. Lee & Associates’ 2023 Q3 North America Market Report shows US industrial net growth down 68% in comparative third quarters. The multifamily sector also felt a sharp increase…
Read More11.28.2023
There Are Some Good CRE Opportunities Looking Ahead
Looking ahead to what commercial real estate might do in 2024, which is what PGIM Real Estate just did in a report, requires a baseline starting point. It’s a complex one. “Real estate is adjusting…
Read More11.27.2023
Navigating Acceleration Clauses in Commercial Real Estate Transactions
In the realm of commercial real estate transactions, acceleration clauses play a pivotal role. They are integral components of loan agreements, which can potentially impact the borrower’s financial standing significantly. Understanding and navigating acceleration clauses…
Read More11.27.2023
Commercial Real Estate Lending in U.S. Shows Signs of Stabilizing in Late 2023
According to the latest research from CBRE, the commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued. The CBRE Lending Momentum Index,…
Read More11.27.2023
Apartment Concessions Undercutting Rising Rents
Residential rental concessions are hitting a two-year high with 30% of listing offering at least one concessions, according to Zillow based on its own rental listings. The previous recent high was in February 2021, where…
Read More11.26.2023
The looming office space real estate shortage. Yes, shortage
There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to…
Read More11.21.2023
Industrial Sales Lowest Since 2017
Not long ago, industrial was the CRE darling. Valuations were high, as was demand. Rents kept escalating as problems with global supply chains and a rapid expansion of e-commerce drove unending demand. Well, unending until…
Read More11.21.2023
Multifamily Loans Pose Risk to Regional Banks
Data is starting to show that the multifamily segment is facing more pressure than perhaps many realized. Moody’s Analytics CRE recently brought up the question of whether it was time to worry about multifamily, based on September’s…
Read More11.16.2023
Office Market Braces for Growing Pipeline of Distressed Sales
Many office property owners are heading for the exits amid weaker demand and looming debt maturities, while opportunistic private equity groups are leaning in to capture what could be once-in-a-generation buying opportunities. “This is a…
Read More11.16.2023
Commercial Real Estate Will Revitalize
NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans. ANAHEIM, Calif. – Commercial property rates are expected to stabilize – aside…
Read More11.16.2023
CRE Price Declines are Starting to Stabilize
Trepp regularly watches property prices, using an index technique to show relative strength compared to some baseline year. Right now the Trepp Property Price Index, self-described as a “vital tool for gauging the health of…
Read More11.16.2023
Apartment Rents Fall a Second Straight Month – This Time by $3
Rents in October fell by $3, according to Yardi Matrix, marking the second consecutive month of downward data. The Northeast and Midwest showed modest growth, but it was offset by declines in the Sun Belt…
Read More11.15.2023
Is the Commercial Real Estate Panic Overblown?
Since the COVID lockdowns, one of the pervasive market narratives has been the demise of commercial real estate. With many Americans now working entirely remotely or in hybrid arrangements, offices are much less central to…
Read More11.15.2023
2023 Federal Economic Area Report
Read the current Federal Economic Area Report provided by CARNM and RPR. This report offers real estate professionals a window into demographics and consumer behavior in the state of New Mexico. View the report here.
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11.15.2023
A Snapshot of Changing Market Trends
Rigorous risk management needs to be the watchword for lenders in the world of commercial real estate amid the uncertainties afflicting most segments of the market, according to CoStar. “The rapidly changing market conditions underscore…
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