RentCafe, Santa Barbara, Calif., released a report on 2024 year-end trends, finding a competitive rental market nationwide and top spots of interest in Miami and Chicagoland.
Category: News and Trends
MBA: Commercial Mortgage Delinquency Rates Increase in Third Quarter
Commercial mortgage delinquencies increased in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Dealmaker: Northmarq Completes $54M Sale in Maryland
Northmarq, Bloomington, Minn., completed the $54 million sale of a build-to-rent community in Laurel, Md., about 20 miles from Baltimore.
Commercial and Multifamily People in the News Dec. 19, 2024
Industry personnel news from PACE Loan Group and Maverick Commercial Mortgage.
Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle released some analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.
Commercial and Multifamily People in the News Dec. 12, 2024
Commercial and multifamily industry personnel news from JLL and Marcus & Millichap.
CMF Quote of the Week
“Geopolitics and conflicts around the world weigh heavily on many investors’ minds, as do new taxes and regulation. But with the election over, we can start to focus on the realities of the moment—especially the real estate risks and the opportunities likely to be found in 2025.”
–AFIRE CEO Gunnar Branson
Overseas Investors Report Uncertainty, AFIRE Finds
Cross-border investment dynamics, climate change trends and zoning reform are top-of-mind for global institutional investors, according to AFIRE, the association for international commercial real estate investors.
CBRE: Retail Market Faces Space Shortage
The United States is under-retailed by 200 million square feet amid rising consumer demand, CBRE, Dallas, found in a recent analysis.
Freddie Mac Finds Cost Barriers May Prevent Housing Choice Voucher Usage
Although there are significant variations by market, Housing Choice Voucher use remains limited in high opportunity areas compared with areas of concentrated poverty, according to Freddie Mac Multifamily, McLean, Va.