Office Rents Jump in Tech Worker-Heavy Markets

Value remains a key driver when firms choose an office location, but companies are willing to pay premium rents to access the highest quality tech talent, reported CBRE, Los Angeles.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., priced its seventh Multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit in 2018 totaling $717.8 million under its Fannie Mae Guaranteed Multifamily Structures program on July 18.

CMBS Delinquencies Continue to Decline

Strong new issuance volume and continued resolution activity contributed to the second consecutive month of decline in the commercial mortgage-backed securities delinquency rate last month, reported Fitch Ratings, New York.

Single-Family Rent Growth Increases

Rents for U.S. single-family rental assets increased 2.9 percent year-over-year in April, up from 2.6 percent a year ago, reported CoreLogic, Irvine, Calif.