Subject: Research (RES)
Actual Office Occupancy Stuck Near 43 Percent for Past 4 Weeks, Could be ‘New Normal’
Kastle Systems, which tracks actual occupancy at office properties in major markets across the country, reported a slight decrease in occupancy for the week through May 18, to 43.3 percent. The Falls Church, Va., company, which installs security systems in ...
Property Sales Volume Jumps by 55.6 Percent in 1Q to Record $170.85Bln
Commercial Real Estate Direct Staff Report Commercial property investment-sales volume jumped by 55.62 percent in the first quarter when compared with a year ago, to $170.85 billion, according to MSCI Real Assets. That volume is the greatest for a first ...
Apartment Sales Volume Increases 77.5 Percent in 1Q to $63Bln
Commercial Real Estate Direct Staff Report Apartment sales volume totaled $63 billion in the first quarter, up 77.5 percent from the $35.5 billion of investment volume at the same time last year, according to CBRE. Apartment sales were down from the ...
Simon Property Signs 900 Leases Totaling 3Mln SF in 1Q
Commercial Real Estate Direct Staff Report Simon Property Group signed 900 leases totaling 3 million square feet during the first quarter, marking the mall REIT's most active quarter since 2016. The Indianapolis company said it has another 500 deals totaling ...
Office Property Sales in Chicago’s CBD Surpass 2021 Investment Volume
Nine office properties with 4 million square feet in Chicago's central business district traded in the first quarter for a total of $946.5 million, making it the most-active quarter since the second quarter of 2018. In contrast, $885.6 million of ...
Survey: 49 Percent of Manhattan Workers Seen Returning to Office This Year
Commercial Real Estate Direct Staff Report Only 49 percent of office workers are expected to return to their Manhattan offices even after Labor Day, according to a survey of 160 major employers by the Partnership for New York City. Taken ...
CMBS Special Servicing Volume Drops Again; Hotels Lead the Way
The volume of CMBS hotel loans in special servicing last month declined by an impressive 17.5 percent to $8.34 billion, according to Trepp Inc. That's the lowest volume since before the coronavirus pandemic and helped push the overall volume in ...
Freddie Mac Originated $15Bln of Multifamily Loans in 1Q
Commercial Real Estate Direct Staff Report Freddie Mac originated $15 billion of multifamily loans during the first quarter, up from $14 billion during the same period a year ago. But because of pay-offs, the housing-finance agency's portfolio of multifamily loans ...
National Hotel Room Rates Top 2019 Levels by 10.2 Percent
Commercial Real Estate Direct Staff Report The national hotel market continues to improve, and some metrics are handily topping levels reached in 2019. Average daily rate during the week through the end of April, for instance, was $146.67, according to ...
MAA: Migration to Sunbelt Bolstered 1Q Apartment Rents
Commercial Real Estate Direct Staff Report Rents at apartment properties owned by Mid-America Apartment Communities Inc., or MAA, increased by 12.4 percent in the first quarter. That compares to the 1.3 percent increase in rents during the same period a ...
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