Commercial Real Estate Direct Staff Report The commercial mortgage universe grew by $64.8 billion, or 1.6 percent, in the third quarter, to $4.05 trillion, according to the Mortgage Bankers Association. That pace of growth is slightly greater than the 1.5 ...
Commercial Real Estate Direct Staff Report A total of $2.65 billion of apartment property sales took place in in New York City during the third quarter, according to Ariel Property Advisors. That's the highest quarterly total since the fourth quarter ...
Commercial Real Estate Direct Staff Report Monthly rents for apartment units nationwide increased in October by $23/unit, or 1.5 percent, when compared with September, to $1,572/unit. That's the highest level ever recorded by Yardi Matrix. Occupancy, meanwhile, increased to 96.1 ...
A total of $1.24 billion of apartment properties changed hands in New York City during the second quarter, up 89.9 percent from a year ago and 156.7 percent from the first quarter, according to Ariel Property Advisors. Sales volumes are ...
Commercial Real Estate Direct Staff Report Monthly multifamily rents increased by another record in July - $26/unit, or 1.8 percent, to $1,510/unit, according to Yardi Matrix. That's the third straight month in which rents had increased by record levels. In ...
Commercial Real Estate Direct Staff Report Prices for commercial properties increased by 1.2 percent last month, marking the largest monthly price increase since September 2005, when prices had jumped by 1.3 percent. The price hike once again was driven by ...
Commercial Real Estate Direct Staff Report The volume of CMBS loans declined in July for the 13th straight month, to $33.03 billion, from $33.2 billion in June, according to Trepp LLC. The improvement would have been greater if not for the ...
A total of $441.5 billion of commercial mortgages were originated last year, down 26.5 percent from the record $600.6 billion originated in 2019, according to a survey by the Mortgage Bankers Association. It's the first year since 2009 that origination ...
The median monthly asking rent for a Manhattan apartment unit was $2,990 in the third quarter, according to StreetEasy.com. That's down 7.8 percent from last year. The city's apartment vacancy rate has been estimated to be as high as 11 ...
Occupancy at U.S. hotels fell last week as vacation travel slowed heading into the beginning of the school year. It was the second time in six weeks that occupancy had dropped. After hitting 50.2 percent for the week through August ...
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© 2023 Commercial Real Estate Direct All rights reserved..