U.S. Office Buildings with Upscale Tenant Amenities Still Enjoy Premium Rents in 2024
World Property Journal » Commercial Market Real Estate
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2d ago
Based on a new report by global property consultant JLL, as demand for high-quality and differentiated office assets intensified during the pandemic, highly amenitized office buildings are expanding their outperformance against the broader market, particularly those that offer enhanced gathering spaces and prioritize wellness ..read more
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Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet
World Property Journal » Commercial Market Real Estate
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2d ago
Following the groundbreaking agreement between the National Association of Realtors (NAR) and the Department of Justice on March 15, 2024, the real estate sector is abuzz with discussions about the potential effects on the future of commercial co-broker fees and payment methods ..read more
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U.S. Commercial, Multifamily Mortgage Delinquency Rates Uptick in Q4
World Property Journal » Commercial Market Real Estate
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1w ago
According to the Mortgage Bankers Association's latest Commercial Delinquency Report, U.S. commercial mortgage delinquencies increased in the fourth quarter of 2023 ..read more
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U.S. Commercial Mortgage Debt Continued to Rise in 2023, Hits $4.7 Trillion
World Property Journal » Commercial Market Real Estate
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3w ago
According to the Mortgage Bankers Association's latest U.S. Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022 ..read more
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Nonresidential Construction Spending in the U.S. Falls Sharply in January
World Property Journal » Commercial Market Real Estate
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1M ago
According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion ..read more
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Commercial Mortgage Lending in U.S. Shows Signs of Stabilization in Late 2023
World Property Journal » Commercial Market Real Estate
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1M ago
According to new data from CBRE, commercial real estate lending in the U.S. demonstrated signs of stabilization at the end of 2023, with borrowing costs appearing to have peaked, even as transaction activity remains subdued ..read more
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U.S. Multifamily Construction Starts to Decline in 2024
World Property Journal » Commercial Market Real Estate
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1M ago
According to the National Association of Home Builders, Multifamily starts in the U.S. are predicted to decline in 2024. Meanwhile, the remodeling sector remains on solid ground and will hold steady this year ..read more
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Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher
World Property Journal » Commercial Market Real Estate
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2M ago
According to CBRE's latest research, the U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth ..read more
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Government Sector Claimed Largest Portion of 100 Biggest U.S. Office Leases Signed in 2023
World Property Journal » Commercial Market Real Estate
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2M ago
According to a new report from CBRE, the largest 100 U.S. office leases signed in 2023 included more renewals of leases for already occupied space than new deals ..read more
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U.S. Commercial, Multifamily Borrowing Dives 25 Percent Annually in Late 2023
World Property Journal » Commercial Market Real Estate
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2M ago
Based on the Mortgage Bankers Association's latest Quarterly Survey of Commercial and Multifamily Mortgage Bankers Originations, commercial and multifamily mortgage loan originations in the U.S. were 25 percent lower in the fourth quarter of 2023 compared to a year earlier and increased 13 percent from the third quarter of 2023 ..read more
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