Defined as commuters who travel more than 90 minutes each way to work, “super commuters” have increased by nearly 32 percent since 2005, according to Apartment List. Over the same period, the number of Americans who work from home has seen an even sharper increase of 76 percent.
Category: News and Trends
Apartment Rent Growth Hits 10-Month High
Apartment rent prices grew at their fastest rate in 10 months in February after decreasing last fall for the first time in years, reported Zillow, Seattle.
‘Cautious Yet Confident’ Hotel Sector
“Cautious yet confident” can describe current hotel investor sentiment, reported JLL, Chicago.
Commercial/Multifamily Briefs
CBRE, Los Angeles, acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support related to eminent domain proceedings in the Southeast.
CMBS Delinquency Rate Falls Below 3%
The commercial mortgage-backed securities delinquency rate crossed another threshold in February, falling below 3 percent for the first time since May 2009, reported Trepp, New York.
Investors Look to Secondary Markets, Alternative Assets
The search for yield this late in the cycle is enticing more commercial real estate investors into secondary markets and alternative assets, analysts said.
Office Sector Growth Spreads
Office sector growth is spreading to secondary and tertiary metros as the cycle matures, reported Institutional Property Advisors, Calabasas, Calif.
CREF Corner Office Conversation: Steven Bean From Situs
The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.
mPower Moment Conversation with Freddie Mac Multifamily’s Deborah Jenkins
The Mortgage Bankers Association released an mPower Moment interview with Freddie Mac Executive Vice President and Head of Multifamily Deborah Jenkins.
CREF Corner Office Conversation: Steven Bean From Situs
The Mortgage Bankers Association released an interview with Situs Executive Managing Director Steven Bean.