CBRE, Dallas, reported the supply and demand imbalance in the office market should begin to ease as the number of planned new office developments falls in the next few years.
Tag: CBRE
CBRE Again Raises Forecast for 2023 Hotel Performance
CBRE, Dallas, raised its hotel performance outlook for this year once again, improving its forecast for revenue per available room to $97.89, up 6% year-over-year, and an increase of 43 cents from its previous forecast.
CBRE: Office Attendance Changes Prompt Companies to Revamp Office Portfolios
More companies now require office attendance than a year ago, causing them to change their office footprint to match office attendance patterns, reported CBRE, Dallas.
CBRE: Multifamily Fundamentals Begin to Stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease, reported CBRE, Dallas.
CBRE: Office Sublease Space Nearly Doubles Since Pandemic
CBRE, Dallas, said office sublease space has nearly doubled since the COVID pandemic began in early 2020, ushering in hybrid working arrangements.
Commercial and Multifamily People in the News April 13, 2023
Personnel News from BWE, CBRE, Merchants Bank of Indiana.
CBRE: Cap Rate Expansion Likely to Continue; May Peak This Year
CBRE, Dallas, said capitalization rate expansion will likely continue in the short term for most commercial real estate asset types, but could peak later this year.
CBRE: Looming Multifamily Oversupply Likely Short-Lived
CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.
2022 Data Center Leasing Rises 40%; Vacancy at Record Low
CBRE, Dallas, said North American data center leasing reached record levels and vacancy fell to a record low in 2022, but constraints on building new data center capacity could hamper the sector’s continued growth.
CBRE: Finance, Insurance Firms Signed More Large Leases than Tech Industry in 2022
The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 largest office leases in the U.S., reported CBRE, Dallas.