Commercial Real Estate & Business News – October 7, 2020

Apartment Demand Surges to Strongest Third Quarter on Record
Tenants are moving to the suburbs in droves, according to CoStar’s latest apartment report, and downtown landlords are cutting rents. CoStar tracked several novel trends in the multifamily sector during the past quarter, including an extended leasing season and a lot…»
How the Pandemic Complicates Valuing Distressed Malls
Distressed U.S. shopping centers are falling into two categories in the pandemic: those with upside potential that can be scooped up at a deep discount, and others bought inexpensively but their value has declined. Two malls owned by investment partners Mason Asset…»
Here’s why Metro Phoenix Boasts the Nation’s Hottest Industrial Real Estate Market
In a welcome signal for the Phoenix region’s economic recovery, industrial real estate development projects will continue to heat up over the next year and beyond with the hottest market in the West Valley, leading experts told the real estate community Friday. While retail…»
The Monday Morning Quarterback | October 5th, 2020
There are two stories I want to discuss before we get to last week’s economic news. The first is from an article released by the prestigious Journal of the American Medical Association in their JAMA Network Open publication. Hold on to your hats for this one. The article stated…»
Mortgage Rates Decline this Week
The average U.S. mortgage rate for a 30-year fixed loan is 2.88% this week, falling from last week’s 2.9%, Freddie Mac said in a report on Thursday. The rate is now two basis points from an all-time low set three weeks ago. The average fixed rate for a 15-year mortgage was…»