Originally published on November 8, 2022, by Michael Tucker for the Mortgage Bankers' Association.
U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn. But the STR P&L data release for September noted the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.
Originally published on October 16, 2022, by Michael Tucker for the Mortgage Bankers Association.
The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on October 5, 2022, by Mortgage Bankers Association.
The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).
Originally published on September 2, 2022, by Matt Day and Spencer Soper for Bloomberg.
Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm.
Originally published on August 30, 2022, by Michael Tucker for the Mortgage Banker's Association.
Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.
Originally published on August 25, 2022, by Michael Tucker for Mortgage Banker's Association.
Despite the stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
Originally published on August 14, 2022, by Michael Tucker for the Mortgage Bankers Association.
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.
Originally published on August 10, 2022 by Gail Kalinoski for CommercialSearch.com.
U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a recent CBRE report. Trailing four-quarter volume totaled a record $881 billion.
Originally published on August 3, 2022, by Paul Bergeron for GlobeSt.com.
LaSalle is expecting a high-impact second half of 2022, according to its Mid-Year Update.
Originally published on July 7, 2022, by Michael Tucker for Mortgage Banker's Association.
Real Capital Analytics, New York, reported U.S. commercial property price growth held steady in May, supported by price gains in the industrial and apartment sectors.
Originally published on June 15, 2022, by Michael Tucker for the Mortgage Banker's Association.
STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.
Originally published on June 7, 2022, by Jack Rogers for GlobeSt.com.
A joint research team from NYU and Columbia University studying the impact of remote work on office properties says office buildings will lose 28% of their value by 2029 if remote/hybrid work patterns become the norm.
Originally published on May 31, 2022, by Michael Tucker for the Mortgage Bankers Association.
CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.
Cap rates in the net lease casual dining sector decreased to 6.03% during the first quarter, down 70 basis points from the same point a year ago, The Boulder Group reported on June 1 in its Q1 2022 Net Lease Casual Dining Market report. Casual dining properties with corporations guaranteeing the lease saw cap rates of 5.75%, while franchisee properties had cap rates of 6.4%.
Originally published on May 23, 2022, by the Federal Reserve Bank of Philadelphia.
Residential sales remained flat or contracted slightly in most Fed districts as low inventory and high mortgage rates dampened homebuyer demand, the Federal Reserve revealed on June 1 in its latest Beige Book. Many districts reported mixed commercial real estate activity, but demand for industrial and warehouse space was on the rise in multiple districts.
Originally published on May 17, 2022, by Tara Dunion for the Mortage Bankers Association.
MISMO®, the real estate finance industry standards organization, seeks public comment on phase two of proposed data standards for the Commercial Appraisal Dataset. The 60-day comment period runs through July 12.
Originally published on May 23, 2022, by STR.
For the four-week period ending 14 May 2022, more than three-quarters of all U.S. hotel markets outperformed their comparable 2019 revenue per available room (RevPAR) on a nominal basis. Of 165 STR-defined U.S. markets, only 38 fell short of their 2019 RevPAR, which was a solid improvement from 52 underperformers in April’s “bubble” blog update. Industry RevPAR looks to be on a steady footing; however, a look at RevPAR contribution shows a greater influence from average daily rate (ADR) as opposed to occupancy in many areas.
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.
