Commercial/multifamily industry news from Newmark and Greystone.
Category: News and Trends
CMF Quote of the Week
“Asking rents may be climbing because shrinking apartment supply is coinciding with growing renter demand, which is being fueled by the high cost of homeownership.”
–Redfin Senior Economist Sheharyar Bokhari.
Housing Starts Up in July, Propelled by Multifamily
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000, the Census Bureau reported Aug. 19.
CBRE: Employers Closer to Meeting Goals on In-Office Work
CBRE, Dallas, released its Americas Office Occupier Sentiment Survey, finding that employees and employers are closest to being on the same page about in-office work since the onset of the COVID-19 pandemic.
Almost 80% of Gen Z Believe They’re Priced Out of Homeownership, Clever Finds
Clever Real Estate, St. Louis, Mo., released a new study delving into Gen Z’s feelings about homeownership, finding 79% believe they are priced out completely.
Redfin: U.S. Apartment Asking Rents See Biggest Increase Since 2023
Redfin, Seattle, found the median asking rent in July rose 1.7% year-over-year. That’s the largest increase since January 2023.
RCN/CJ Patrick: Investor Sentiment Rebounds from Recent Lows
Real estate investor sentiment is rebounding after declining sharply for two consecutive quarters, according to the latest RCN Capital/CJ Patrick Co. Investor Sentiment Index.
Dealmaker: Marcus & Millichap Capital Corp. Secures $91M for Florida Multifamily
Marcus & Millichap Capital Corp., Calabasas, Calif., arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Fla.
CREF Policy Update: Mortgage Industry Veteran John Hedlund Nominated to Be 2026 MBA Vice Chairman
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Trepp: CMBS Special Servicing Rate Retreats Slightly After Three Increases
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate dipped in July after peaking at a 12-year high in June.