Manhattan offices saw a “soft” second quarter as office leasing velocity fell 32 percent year-over-year, reported Avison Young, Toronto.
Category: News and Trends
CRE Sentiments Dip Slightly
Commercial real estate executives’ sentiments dipped slightly compared to six months ago, reported RCLCO, Los Angeles.
CMBS Issuance, Payoffs Up
Despite a “sluggish” start to the year, private-label commercial mortgage-backed securities volume finished the first half at $34.4 billion–up 27.8 percent year-over-year, reported Kroll Bond Rating Agency, New York.
Office Vacancy Holds Steady; Tenant Improvement Allowances Up
Vacant office space held steady at 13 percent during the second quarter, but concession and tenant improvement packages continue to rise as landlords pursue new tenants, CBRE and JLL reported.
Office Vacancy Holds Steady; Tenant Improvement Allowances Up
Vacant office space held steady at 13 percent during the second quarter, but concession and tenant improvement packages continue to rise as landlords pursue new tenants, CBRE and JLL reported.
Office Vacancy Holds Steady; Tenant Improvement Allowances Up
Vacant office space held steady at 13 percent during the second quarter, but concession and tenant improvement packages continue to rise as landlords pursue new tenants, CBRE and JLL reported.
Single-Tenant Net Lease Cap Rates Increase
Single-tenant net lease sector cap rates increased across all asset classes in the second quarter, reported Boulder Group, Northbrook, Ill.
Report Alleges CRE Firms Not Managing Property Taxes Properly
Only 25 percent of CRE executives said their firms incorporate property tax management into their investment strategy, which increases underperformance risk at both asset and portfolio levels, said Altus Group LTD, Toronto.
MBANow: MBA National Advocacy Conference Recap
The Mortgage Bankers Association released a new MBANow video featuring MBA members who discuss their experiences on Capitol Hill at the recent MBA National Advocacy Conference.
New Renters Paying More Than Renewing Tenants
Apartment rents have increased across the country, but market-rate rents for new renters increased more than rents for renewing tenants, reported Zillow, Seattle.