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Indoor, Outdoor Mall Visits Down in September as Retail Recovery Slows: Index

Originally published on October 6, 2021, by Ethan Chernofsky for Placer.ai BLOG.

Top tier malls across the country had been experiencing a steady recovery since the start of 2021. This recovery culminated in July when visits to indoor malls rose 1.0% above the same month in 2019, with outdoor mall visits rising 1.8%. Pent-up demand, a lack of travel, general excitement around the retail reopening and more all combined with the Back-to-School retail season to drive an impressive month.

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Commercial Real Estate Sees Double-digit Price Growth in August, Report Shows

Originally published on October 7, 2021, by Michael Tucker for MBA Newslink.

Real Capital Analytics, New York, reported all four major commercial real estate types posted double-digit annual price growth in August.

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Worldwide Wellness Real Estate Sector is Healthy and Growing, New Report Shows

Originally published on September 28, 2021, by Beth McGroarty for Global Wellness Institute.

The nonprofit Global Wellness Institute (GWI), the leading research organization for the wellness industry, today unveiled new data for the wellness real estate market revealing extraordinary recent growth. From 2017-2020, the global market grew 22% on average annually, expanding from $148 billion in 2017 to $225 billion in 2019 to $275 billion in 2020. Wellness residential projects skyrocketed in those three short years, from 740 in 2017 to over 2,300 today.

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Commercial Property Appreciation Increases for Five Consecutive Months: CoStar

Originally published on September 15, 2021, by Michael Tucker for Mortgage Bankers Association.

Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.

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Hotel Sector Continues to Recover: STR and JLL Report

Originally published on September 14, 2021, by Michael Tucker for Mortgage Bankers Association.

The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.

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Small US Banks at Greatest Risk of Commercial Real Estate Losses: Fitch Ratings

Originally published on August 31, 2021, on MBA Newslink.

Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.

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CRE Construction, Completions Decline: Moody’s Analytics

Originally published on August 10, 2021 by Michael Tucker for Mortgage Banker's Association.

Moody’s Analytics REIS, New York, reported commercial real estate completions fell in the second quarter from an already record low first quarter.

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Sentiment Regarding CRE, Cap Rates Improves: Survey

Originally published on July 15, 2021 by Michael Tucker for Mortgage Bankers Association.

CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.

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Medical Office Sector Becomes More Attractive to Investors: Marcus and Millichap

Originally published midyear 2021 by Marcus & Millichap.

Broader recovery fortifies a positive outlook. Resilient during the health crisis, the medical office segment is in a position of strength. Demographic trends and an anticipated boost in health services are positioned to foster long-term tenant demand that will bolster investor confidence in the sector. Shorter-term, the full-scale reopening of most states’ economies and widespread vaccination efforts have laid the foundation for a broad economic recovery that will fuel continued employment growth in the second half of this year. The expiration of enhanced unemployment benefits in September and many states’ plans to terminate the allowance prior to the deadline have the potential to motivate more individuals to obtain work. Furthermore, the reopening of schools this fall should further aid employers when filling open positions during the final third of the year. The resulting employment growth will raise the number of commercially insured households, lifting health spending and the number of medical visits. Together these factors will fuel health-related hiring and supplement demand for medical office space.

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CRE Investment Up in April, But Deals Are Limited: Data

Originally published on June 16, 2021, by Michael Tucker for Mortgage Bankers Association.

U.S. commercial real estate investment increased in April, but not all pandemic-related problems are in the rearview mirror, reported Real Capital Analytics, New York.

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Home Prices Reach New High as Low Inventory Drives Growth

Originally published on June 3, 2021 by Rachel Conner for Realtor.com.

Realtor.com® Housing Report: Home Prices Reach New High at $380,000 in May

Price Growth Remained in Double Digits for 10th Straight Month in May; Price Growth Moderation Expected Later in 2021
-- Lack of available homes for sale push U.S. median listing price up 15.2% year-over-year
-- The number of homes for sale ended the month 50.9% lower than last year
-- Larger metros offer buyers lower price gains and larger growth in newly listed homes
-- Nationally, homes are selling more than a full month faster than last year and 19 days faster than the typical time on the market from 2017 to 2019
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Investors Spend More Money on Research Buildings

Originally published on June 2, 2021, by John Gittelsohn for Bloomberg.

(Bloomberg)—Even as the remote-work era clouds the future for offices, one segment of the business is drawing cash from investors including Blackstone Group Inc. and KKR & Co.

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Spread Between Retail and Industrial Property Rents Continues to Compress, JLL Reports

Originally published on May 20, 2021. by Michael Tucker for Mortgage Bankers Association.

JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.

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Outlook Mostly Positive for CRE as Lockdown Eases: NAR

Originally published on May 7, 2021, by Quintin Simmons for the National Association of Realtors.

WASHINGTON (May 7, 2021) – The U.S. economy experienced one of the swiftest declines in history last year, followed by a quick and relatively significant recovery in the second quarter of 2020. Speakers at today's Commercial Economic Issues and Trends Forum, held as part of the 2021 REALTORS® Legislative Meetings & Trade Expo(link is external), discussed these historic shifts in the nation's economy over the past 12 months while projecting a favorable outlook for the commercial real estate market in the coming year.

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Investors Take a Shine to Car Wash Properties: Report

Originally published on April 21, 2021, by Tom Acitelli for Commercial Observer.

Real estate investors looking for a safe place to park money coming out of COVID might consider the humble car wash. The sudsy byproduct of the automotive age has, in just a few short years, become an unusually durable commercial real estate asset.

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Hospitality Sector Improving and Forecast to Continue Getting Even Better: CBRE

Originally published on April 13, 2021, by Michael Tucker for Mortgage Bankers Association.

The hotel sector is coming back–slowly–from its pandemic-related downturn, analysts said.

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Rent is cheap, vacant space is everywhere: Retailers seize the moment to open stores

Originally published on March 18, 2021, by Lauren Thomas for CNBC.com.

For the first time in years, retailers across the country are planning to open more stores than they are closing.

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Companies Say They Have no Plans to Leave Cities or Relocate to Other States: Survey

Despite talk that businesses may move their offices from an urban location to a suburban one, or relocate to a state with more financial benefits, a new survey shows the shift may never happen as 67% of respondents to the Real Estate Market Sentiment Survey said they have no plans to pack up, the law firm Seyfarth reported March 15.

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Major Risk of Bankruptcies, CRE Price Drops, Fed Reports

Originally published by Rich Miller on February 19, 2021, for Bloomberg.com.

The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.

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Rising Lumber Costs Put Damper on Single-family Housing Starts in January: NAHB

Originally published on February 18, 2021, for the National Association of Home Builders.

Housing production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.58 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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