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Commercial Real Estate Direct Staff Report Professionals in the commercial real estate finance industry have become optimistic again, following the deep funk they were in at the start of April, as the Trump Administration announced its imposition of tariffs on dozens ...
A relatively sharp spike in distress among loans against mixed-use properties drove last month's 2.2% increase in the volume of CMBS loans that are now classified as being more than 30 days late with their payments, to $43.21 billion.
Four office properties with 1.63 million square feet in Chicago's central business district changed hands during the second quarter, and three of them—totaling 327,033 sf—are being converted into apartments, according to Transwestern.
Roughly 23.3 million square feet of office space nationwide is expected to be demolished or converted into other uses this year, according to CBRE. That would compare with the roughly 17 million sf that was taken offline last year.
The national office market recorded 10.4 million square feet of negative absorption during the second quarter, marking the 14th straight quarter that's happened. But a growing number of markets have continued to post positive numbers.
Commercial Real Estate Direct Staff Report The Boston area recorded 2 million square feet of office leasing during the second quarter, down from the 2.3 million sf that was leased a year ago, according to Newmark. But the leasing was ...
Capitalization rates for small-cap properties, meaning those having fewer than 50,000 square feet or between five and 50 apartment units, declined across the board in the second quarter, yet another indication that property markets are indeed stabilizing.
Commercial Real Estate Direct Staff Report The average asking rent for apartment units across the country increased in the second quarter by 1.7% from a year ago, to $1,913, according to Cushman & Wakefield. They also were up 1% from ...
The national vacancy rate for industrial properties increased to 8.1% in the second quarter from 7.8% in the first, putting it at a level not seen since 2013. The rate is up from 7.1% a year ago, according to Savills.
The volume of CMBS loans in special servicing increased by 1.23% last month to $62.54 billion, which amounts to 10.57% of the $591.97 billion universe tracked by Trepp Inc. The increase was once again driven by office loans, which comprise ...
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