Subject: Research (RES)

The amount of office space available for sublease in Chicago's central business district this month declined by 20.8% from a year ago to 4.5 million square feet, according to Transwestern.

The sale-leaseback market maintained its momentum through the first quarter, and given strong M&A activity and favorable market conditions, demand should remain healthy.

Commercial Real Estate Direct Staff Report Property prices increased slightly during the first quarter, according to the Trepp Property Price Index, or TPPI. Prices were up 0.09% from the fourth quarter and 0.48% from a year ago, according to the ...

A total of 35 CMBS loans with a balance of $2.71 billion were transferred to special servicers last month. But they worked out $1.49 billion of loans during that time, so the net increase in special servicing volumes was $1.22 ...

Commercial Real Estate Direct Staff Report The average monthly apartment rent in the Dallas/Fort Worth area declined in the first quarter of this year by 0.4% to $1,483/unit, according to Colliers. Regardless of when a property was built, rents declined ...

Since 2024, conduit loan spreads have varied by region and metropolitan statistical area despite stable national median spreads, creating a clear—though narrower—pricing hierarchy than in 2019-2023.

Commercial Real Estate Direct Staff Report The Chicago area had $1.9 billion of multifamily sales in the first quarter of 2026, a 116.6% increase from the first quarter of last year, according to Avison Young. In fact, the market had ...

The securitized world has $1.1 trillion of mortgages against multifamily properties. An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders. The latter have higher delinquency rates, and a larger proportion may face refinancing ...

The Commercial Real Estate Finance Council's annual conference got underway at Manhattan's Marriott Marquis hotel this morning, with some 1,200 people in attendance. One of the initial takeaways: don't count on capitalization-rate compression for property value increases. As cap rates ...

The downtown Seattle office sector has overtaken San Francisco as the worst in the country, in terms of vacancy. That could pose a risk for CMBS loans that are coming due or have matured and remain unresolved.