Thanks to a very tight labor market and technological advances, hybrid work reigns two and a half years after the onset of the COVID-19 pandemic, with employees at many companies coming into the office a few days a week. The extent to which this trend will continue – and what it means for the office market – will depend on employees’ and employers’ costs and benefits of being in the office versus remote and whether a transition to a looser labor market tilts the bargaining table to employers and their preference for more in-person collaboration.
Category: News and Trends
Austin, D.C., Raleigh Lead STEM Job Growth Index
RCLCO Real Estate Consulting, Bethesda, Md., announced its annual index measuring strongest metro areas for growth in STEM job growth (Science, Technology, Engineering and Math), showing Austin, Texas as the top-ranked market.
Dealmaker: NewPoint Real Estate Capital Provides $105M Bridge Loan
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $105 million bridge loan for the acquisition and lease-up of SeventyOne15 McDowell, a new-build mid-rise apartment community in Scottsdale, Ariz.
CoreLogic: Single-Family Rent Growth Down 5th Straight Month
CoreLogic, Irvine, Calif., said year-over-year single-family rent growth slowed for the fifth consecutive month in September to 10.2%, down from a high of 13.9% in April. Additionally, rent growth this September fell below that of a year ago.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
Investors Increase Real Estate Target Allocations
Institutional investors continue to increase their target allocations to real estate and expect attractive buying opportunities to emerge over the next several years, reported Hodes Weill & Associates and Cornell University in their annual Institutional Real Estate Allocations Monitor.
‘Green Shoots’ Evident for REITs Despite Volatility
Despite a challenging capital markets environment and economic uncertainty, real estate investment trusts continue to post strong earnings performance, with a substantial majority of REITs that have reported to date …
What to Expect When Expecting Distress: A Special Servicer Roundtable
With interest rate hikes, recession talk and rising inflation defining themes for commercial real estate, MBA NewsLink asked three special servicing executives to get their takes on labor, property and capital market dynamics.
Quote
“The U.S. industrial market is continuing to see robust demand, and companies are adding warehouse and distribution space to protect their inventories, diversify their supply chains and process growing e-commerce sales. Even with a more challenging economic backdrop, we’re still seeing that companies are interested in expanding their footprints in the short term.”
–John Morris, CBRE President of Industrial & Logistics in the Americas.
#CREF23: Navigating Economic Uncertainty With Roger Ferguson
Economist, corporate executive and finance expert Roger Ferguson will open the MBA Commercial/Multifamily Finance Convention & Expo in February.