Filtered by tag: Commercial Remove Filter

Companies Set Plans to Refine Office Spaces: CBRE Survey

Originally published on May 10, 2022, by Michael Tucker for Mortgage Bankers Association. 

CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.

Read More

Commercial and Multifamily Borrowing Surges 72% from Last Year: MBA Report

Originally published o May 12, 2022 by the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations increased by 72 percent in the first quarter from a year ago, the Mortgage Bankers Association reported Thursday.

Read More

Small-cap CRE Prices Jump but Aren’t Overinflated: Data

Originally published on April 28, 2022, by Michael Tucker for the Mortgage Banker's Association.

Small-cap commercial real estate prices have accelerated at an unprecedented rate but are not overinflated, reported Boxwood Means LLC, Stamford, Conn.

Read More

Healthcare Sector Considered ‘Recession-resistant:’ CBRE

Originally published on April 21, 2022, by Michael Tucker for Mortgage Banker's Association.

CBRE, Dallas, reported investors plan to allocate more capital to healthcare real estate, highlighting rising confidence in the asset class.

Read More

Self-storage Sector in Strong Position Heading into Leasing Season: Yardi Matrix

Originally published on April 21, 2022, for YardiMatrix.

SANTA BARBARA, Calif., April 21, 2022 – The self storage sector stands in a strong position heading into prime leasing season, according to the latest Yardi® Matrix National Self Storage report. The overall national street rate for self storage remains unchanged from July 2021 at $145.

Read More

Largest Mall Operator in Europe Seeks to Unload $13 Billion in US Assets: Report

Originally published on April 12, 2022, by Jack Roger for Globest.com.

Unibail-Rodamco-Westfield, Europe’s largest mall operator, is planning to exit the US market and sell its portfolio of US mall properties by the end of 2023, according to a report in The Wall Street Journal.

Read More

CRE Executives Express Concern About Economy, Pandemic and World Affairs: Report

Originally published on March 22, 2022 by Michael Tucker for Mortgage Bankers Association.

After a challenging two years, the real estate industry again faces more uncertainty–and not just for the short term, a new report from the Urban Land Institute and PwC said.

Read More

CRE Prices Soar; Industrial Properties Set Record: Report

Originally published on March 6, 2022 by Michael Tucker for Mortgage Bankers Association.

Real Capital Analytics, New York, reported U.S. commercial property price growth continued to appreciate at a double-digit pace in January.

Read More

Office Tenants Want New Construction: Cushman & Wakefield

Originally published on February 16, 2022, by Michael Boonshoft for Cushman & Wakefield.

Cushman & Wakefield, a leading global real estate services firm, today released a construction report, surveying 24 select office projects currently under construction in 12 major U.S. markets and Toronto. The report finds that new construction is commanding a significant rent premium of 64% over average Class A submarket rents, and 20% over existing top-tier trophy assets. 

Read More

Investment in Life-science Real Estate Surges: CBRE

Originally published on February 16, 2022, by Cole Mortland for CBRE.

    Investment in U.S. life sciences real estate increased by 62 percent last year, with further growth of at least 10 percent expected in 2022, according to a CBRE research report.

    Read More

    Supply Chain, Interest Rates Put Home Affordability at 10-year Low: NAHB Index

    Originally published on February 8, 2022 by Rose Quint for NAHB.

    Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low.  The likelihood of higher interest rates in the months ahead (as the Federal Reserve moves to tighten interest rates) along with ongoing production challenges threaten to drive housing affordability even lower in 2022.

    Read More

    US Hotel Recovery Continues, Data Shows

    Originally published on January 20, 2022, by Haley Luther for STR Global.

    The U.S. hotel sector reported an average daily rate of $124.67 per available room in 2021, which is still 4.8% lower than what was reported pre-pandemic, but an improvement over 2020, STR reported Jan. 20. In terms of occupancy, Tampa, Florida, reported the nation’s highest annual rate of 68.4% while Minneapolis had the lowest rate of 44.4%

    Read More

    CRE Price Growth Up Last Year; 2022 Could See Double-digit Increases, Index Shows

    Originally published on January 11, 2022, by Michael Tucker for Mortgage Bankers Association.

    Green Street, Newport Beach, Calif., said its commercial property price index increased 24 percent in 2021 with robust price appreciation occurring in virtually every corner of the CRE market.

    Read More

    Retail Real Estate Continues to Recover, Led by Sunbelt and Suburban Properties: JLL

    Retail real estate continues to recover, with growing interest in the Sunbelt states and the suburbs; urban retail is expected to rebound once office workers return and tourism picks up, JLL reported Dec. 6 in its Retail Recovery report. Open-air shopping centers remain the sector’s strongest assets, and as for indoor malls — the good ones are here to stay.

    View Report

    Cap Rates for Medical Sector Squeezed, Overall Net Lease Down: The Boulder Group

    Originally published Q3 2021 by the Boulder Group.

    Cap rates for the single-tenant, net lease medical sector compressed 55 basis points during the third quarter to 5.95% when compared to the same point a year ago, The Boulder Group reported Dec. 2 in its Q3 Net Lease Medical Report. The overall net lease market, comprised of retail, office and industrial, was down 23 basis points year-to-year.

    View Net Lease Medical Report

    Many CRE Firms Among Businesses Rethinking, Repurposing Office Space, Survey Reveals

    Originally published on November 30, 2021, by Patrick Sisson for Bisnow National.

    A majority of commercial real estate employees expect to be working “completely or partially virtually going forward,” according to a new survey and report released by Deloitte. 

    Read More

    CRE Lending Activity on the Upswing, Led by Alternative Lenders and Banks: CBRE

    Originally published on November 17, 2021, by Michael Tucker for Mortgage Bankers Association.

    CBRE, Dallas, reported commercial real estate lending activity surged in the third quarter, reflecting rebounding property acquisitions activity.

    Read More

    Apartment Buildings Dominate CRE Transactions, Data Shows

    Originally published on November 17, 2021 by Prashant Gopal for Bloomberg | Quint.

    (Bloomberg) -- U.S. apartment building sales have jumped to record levels, outpacing all other forms of commercial real estate. Deals totaled $241.9 billion in the 12 months through September, up 27% from the same period in 2019, according to a RealPage Inc. analysis of data from Real Capital Analytics Inc. going back to 2001. Apartments accounted for 44% of all transactions, the most for any commercial-property type. 

    Read More

    Commercial Real Estate Tenants Say They Plan to Expand Next Year, Report Shows

    Commercial real estate tenants say they are more likely to increase their space next year than decrease it, with around 70% reportedly looking to expand, the Visual Lease Data Institute reported Nov. 10 in its new commercial real estate outlook. Most tenants and landlords expect rent prices to be the same or slightly higher next year.

    View Report

    Commercial Property Sales Rebound From Last Year's 10-year Low: CoreLogic

    Originally published on November 1, 2021, by Frank Nothaft for CoreLogic.com.

    Much like other parts of the U.S. economy, commercial property sales fell when the pandemic began.  By the second full month of the pandemic, settlements on commercial real estate transactions were about one-half the prior year’s level, hitting a 10-year low in May 2020 and down nearly 50% from one year earlier.

    Read More