Apartment tenants spent more of their incomes to rent their units this year, with those who choose to rent, but could afford to buy their homes if they wanted to, getting hit hardest. The overall rent-to-income ratio increased in March ...
Commercial Real Estate Direct Staff Report Highwoods Properties Inc. had signed 97 office leases for 922,000 square feet during the first quarter, a significant increase from the 520,000 sf of deals inked during the same period a year ago and ...
The size of the U.S. commercial mortgage universe last year grew by $232.8 billion to $5.89 trillion, according to Trepp Inc. Banks and thrifts continue to carry the largest volume of mortgages, with 49.9 percent, or $2.94 trillion, of loans. ...
Commercial Real Estate Direct Staff Report Apartment property sales in New York City totaled $1.44 billion in the first quarter, up 23 percent from the same time last year, according to Ariel Property Advisors. But property sales are on pace ...
Most apartment properties in Miami, Phoenix and Las Vegas that were financed with short-term loans in 2021 and 2022 are generating cash flows that are below underwritten levels. In fact, 76 of the 86 loans against properties in those cities ...
The San Francisco office market had 800,000 square feet of office space added to its sublease market last quarter, bringing the total amount of available space to 7.8 million sf, according to Cushman & Wakefield. When the amount of sublease ...
Chicago's central business district had 7.1 million sf of office space available for sublease in the first quarter, according to Cushman & Wakefield. That's down from the 8 million sf that was available in the fourth quarter of last year, ...
Private equity real estate funds are expected to sell $2.2 trillion of commercial real estate assets globally between this year and 2029, according to Oxford Economics. Those vehicles have amassed a portfolio of $1.2 trillion of assets under management over ...
Rents at the major apartment-owning REITs averaged $2,377/unit in the fourth quarter, up 3.91 percent from a year earlier. Meanwhile, the year-over-year rent growth that the REITs experienced was substantially more than the 0.47 percent growth that was experienced on ...
The vacancy rate for apartment properties in Phoenix was 9.5 percent in the first quarter, down from 9.8 percent in the previous quarter, according to Kidder Mathews. Meanwhile, rents last quarter increased to $1,525/unit, from $1,514/unit at the end of ...
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© 2023 Commercial Real Estate Direct All rights reserved..