Rent growth in the multifamily sector nationwide is stabilizing after the record increases achieved following the coronavirus pandemic The country's hottest markets, including Phoenix and Las Vegas, saw asking rents fall in the first quarter They...
Commercial real estate brokers in New York have become even more pessimistic than they had been, according to a survey by the Real Estate Board of New York, or REBNY The trade group, which represents brokers, building owners, managers and developers...
Commercial property prices continued their downward trend, declining by 113 percent in April, according to the MSCI Real Assets Commercial Property Price Index That marks the ninth straight month of declines for the index, a repeat-sales gauge...
Prices for office properties could fall by more than 30 percent from their peaks, according to analysis by Barclays Capital The investment bank warned that the sector could face even greater value declines, given continued high interest rates,...
Leasing activity in the Manhattan office market totaled 736 million square feet in the first quarter, nearly 10 percent less than the 10-year quarterly average of a little more than 8 million sf, according to Colliers The lackluster leasing is...
Commercial Real Estate Direct Staff Report Companies that occupy office space are increasingly requiring that their employees return to their offices, according to CBRE’s Spring 2023 Office Occupier Sentiment Survey The brokerage, which...
The Washington, DC, office market had an availability rate of 217 percent in the first quarter - a record high - according to Savills Meanwhile, its office inventory fell to 1221 million sf from 124 million sf at the same time in 2022...
The US Department of Housing and Urban Development funded only 168 loans totaling $3 billion against apartment and seniors-housing properties during its second fiscal quarter, which ended March 31 That was down 49 percent from a year ago Likewise,...
Commercial Real Estate Direct Staff Report Commercial mortgage lending volumes plunged during the first quarter by 42 percent when compared with the fourth quarter, according to an index by the Mortgage Bankers Association When compared with a year...
The Mortgage Bankers Association again has lowered its projection for commercial mortgage lending volume this year The Washington, DC, trade group now says it expects volume to total $654 billion, down nearly 20 percent from last year’s $816...
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