Commercial Real Estate & Business News – July 7, 2021

Self storage facilities have become as American as Motherhood and Apple Pie. And ubiquitous, too. There are now more self storage locations than every Best Buy, Lowe’s, Home Depot, Walmart, McDonald’s and Subway stores put together, according to a new report from…»
Lenders say they are seeing no shortage of debt capital available to finance multifamily properties today, which should continue through the remainder of 2021.James Flynn, CEO of Lument, says it’s difficult to find any fault with lending conditions year to date, with the first four…»
The U.S. industrial market is continuing to perform, CommercialEdge’s June industrial report shows. Rents averaged $6.59 per square foot in May, marking a 4.4 percent increase over the year. Tenants have been paying a premium during the past year for new leases in nearly all…»
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 14.6% annual gain in April, up from 13.3% in the previous month. The 10-City Composite annual increase came in at 14.4%, up from 12.9% in the previous…»
With the July 4th weekend nearly upon us, it’s time to reflect on all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. The first thing that pops into my shriveled…»