Blog

Lease Renewals Accounted for 70% of Office Leasing Activity in the US

February 5, 2021

At 70%, renewals dominate office leasing in the US in 2020, a significant uptick from 2019 levels. A JLL report released this week reveals that most companies are adopting a wait-and-see approach to lease strategies as COVID-19 continues to throw a wrench into planning. Generally, office users have favored smaller footprints over the last year, supporting…

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Global CRE Investment Has Rebounded Dramatically

February 3, 2021

Global investment in commercial real estate rebounded at the close of 2020, up 84% from the previous quarter and totaling $290 billion, according to new research from CBRE. The activity was a good sign for recovery of the industry and returning demand; however, it wasn’t enough to offset the market dislocation for the year. Global capital…

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2021 is Expected to Deliver Strongest Growth Since 1984

February 1, 2021

Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial real estate sector based on new reports from leading economists. “Over the…

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Retail CMBS delinquency rate stood at 12.78%

January 29, 2021

The CMBS delinquency rate has steadily improved since a peak in June, but some asset classes are keeping the overall rate high. A new report from DBRS Morningstar looks closely at the CMBS delinquency rates from the last year, and found that retail and hotel properties could be hindering a recovery. Overall, the CMBS delinquency…

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Nonresidential Construction are now at their lowest level since 2015

January 27, 2021

Commercial and multifamily construction starts in the top 20 US metro areas fell to $111.1 billion in 2020, a freefall of about 23% in value, according to Dodge Data & Analytics. More broadly, national starts in those sectors took a 20% tumble to $193.4 billion. The total consists of office buildings, stores, hotels, warehouses, commercial…

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LendingTree Ranks Most Popular Cities of the Largest Homebuyers Group

January 25, 2021

Following Millennial buying trends is a good look into the country’s current real estate market. Millennials make up the largest group of homebuyers in the United States, surpassing members of older (and richer) generations like Generation X and baby boomers. But where are millennials looking to buy? To answer this question, LendingTree analyzed mortgage purchase requests made…

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US Commercial Property Prices grew 7.3% Year-Over-Year in December

January 22, 2021

According to the latest RCA CPPI: US summary report, US commercial property prices grew 7.3% year-over-year in December 2020. But if you dig a little deeper, you’ll see that apartment and industrial drove the gains. The industrial sector, which posted the largest annual increase of any property type, grew 0.6% in December and rose 8.8% year-over-year.…

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CRE Investment Expected to Rise by 50%

January 20, 2021

Global investors are optimistic the market will rebound in 2021, according to new research from Colliers International Group. An increased amount of capital, combined with low interest rates and increased debt financing is expected to reinvigorate investment this year. The firm’s new Global Capital Markets 2021 Investor Outlook anticipates investment activity will pick up by 50%…

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Rents for Retail Space in New York City have Skid to Historic Lows

January 18, 2021

Rents for retail space in New York City have tumbled to historic lows, dropping as much as 25% from 2019 levels, as troubled retailers like Neiman Marcus and Century 21 closed stores and vacancies soared, according to a report Friday. The Real Estate Board of New York’s biannual report found that asking retail rents throughout Manhattan during…

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30% of Renters did not Make their January Payment On-time

January 17, 2021

Thirty percent of renters did not make their January payment on-time at the start of the year, according to a survey of 4,000 people from Apartment List.  The missed payment rate for non-white renters was nearly 50% higher than that of white renters in Fall 2020, according to Apartment List. In May, the percentage of renters unable…

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