Commercial Real Estate & Business News – May 15, 2024
CRE Transaction Numbers May Be Seeing Some Recovery There’s a bit of a turnaround in CRE sales transactions, according to a Moody’s CRE report. But the current results and trends vary by property type and a return to pre-pandemic normalcy will need the help of the Federal Reserve’s reduction of interest rates. “CRE transactions…» Online […]
Commercial Real Estate & Business News – May 14, 2024
Retail Becomes Top Performing Asset Class The retail market is the property division that is generally delivering the strongest results among the four leading asset types, according to In Marcus & Millichap’s look at first-quarter fundamentals data. Multi-tenant retail space absorption in the first quarter totaled…» Henderson Park Buys Arizona Biltmore for $705 Million London-based […]
Commercial Real Estate & Business News – May 13, 2024
Several Large Move-Outs Fuel Negative Net Absorption in Phoenix Office Market Several large office tenant move-outs during first quarter fueled the Phoenix office market to post negative net absorption reaching -572,754 square feet, according to a report released by Colliers. Despite total vacancy rising to 19.9 percent, the city’s landlords have been able to maintain healthy […]
Commercial Real Estate & Business News – May 10, 2024
CBRE: Multifamily Fundamentals Start to Stabilize U.S. multifamily growth is expected to accelerate in the second half of the year amid slowing completions and continued positive net absorption, according to new research from CBRE. CBRE research shows that average monthly rents in the first quarter ticked up 0.4% year…» Build-to-Rent Well-Positioned to Fill Housing Market […]
Commercial Real Estate & Business News – May 9, 2024
Apartment Rent Growth Expected to Accelerate in 2024’s Second Half U.S. multifamily rent growth is expected to accelerate in the second half of 2024 as new construction completions decelerate and positive net absorption continues, CBRE reported. The first quarter saw average monthly rents grow 0.4% year-over-year to $2,163. Notwithstanding…» Developer Buys Site for Student Housing […]
Commercial Real Estate & Business News – May 8, 2024
Top 5 Metros for Industrial Deliveries In 2023, a few top metros for industrial deliveries emerged as the sector further displayed resilience and adaptability, fueled by the reshoring and nearshoring of manufacturing, increased construction spending and the lasting impact of e-commerce. These trends signaled a strategic…» New Jersey Homebuilder Eyes Scottsdale Parcel Currently Zoned for […]