The value of office-leasing concessions – including months of free rent – began to decline in the first half of this year and may be near a peak, according to a new report from CBRE, Dallas.
Category: News and Trends
Clever Real Estate: Renting More Affordable Than Buying in Almost All Major Cities
Clever Real Estate, St. Louis, found that on a monthly basis, rent costs are cheaper than homebuyers’ payments in 96% of major U.S. cities.
MBA Chart of the Week: Commercial Mortgage Lending
Is the logjam in CRE transaction activity starting to break?
Dealmaker: Dwight Capital, Dwight Mortgage Trust Announce Transactions in Michigan, California
Dwight Capital, New York, and its affiliate REIT, Dwight Mortgage Trust, announced two recent transactions in Michigan and California.
CREF Policy Update: HUD Extends Flood Rule Implementation Date Following MBA, Industry Requests
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA Forecast: Commercial/Multifamily Borrowing and Lending to Increase 26% to $539 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion, which is a 26% increase from 2023’s total of $429 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
CMF Quote of the Week: Aug. 29, 2024
“The recent moderation in interest rates, coupled with the large volume of loans maturing in coming quarters, should prompt an uptick in mortgage borrowing from the low levels we’ve seen over the last two years.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
MBA CREF Forecast Placeholder
Under embargo
KBRA Says CMBS Appraisal Reductions Are Climbing
Kroll Bond Rating Agency, New York, reported that commercial mortgage-backed securities appraisal reduction amounts–ARAs–have climbed in tandem with delinquency rates.
CBRE: North American Data Center Vacancy Rates at Record Low Despite Booming Supply
CBRE, Dallas, found North American data center supply grew strongly in the first half of 2024, but availability continued to tighten as demand related to cloud computing and artificial intelligence more than offset the new supply.