Demand for data center space overshadowed economic uncertainty and concerns around power availability in the first half of 2023, according to CBRE. Construction of North American data centers reached a record high in part due to the continued growth of artificial intelligence.
Tag: CBRE
Commercial and Multifamily People in the News Aug. 31, 2023
CBRE, Dallas, announced the appointment of Laura Barr as Americas Retail Leader for its Advisory & Transaction Services line of business.
CBRE Reduces Near-Term Hotel Outlook Due to Softer Summer Demand
CBRE, Dallas, reduced its forecast for hotel performance this year as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room.
CBRE Survey Points to Expectations of Commercial Real Estate Price Stabilization
CBRE, Dallas, found in a survey that capitalization rates have begun to level off, and in a release said commercial real estate pricing appears poised to stabilize in the second half of this year.
Commercial/Multifamily People in the News Aug. 17, 2023
Berkadia welcomes new hires in Medical and Life Sciences and Hotels and Hospitality.
CBRE: Multifamily Market Continues to Stabilize
CBRE, Dallas, found the multifamily market showed signs of stabilization in the second quarter.
CBRE: Rapid Global Data Center Growth Despite Power Supply Challenges
CBRE, Dallas, reported that power supply has struggled to keep pace with data center industry growth internationally. Per its Global Data Center Trends 2023 report, that’s continued to keep vacancies low and pushed rents in the sector up, even amid new construction.
Commercial/Multifamily Briefs, July 6, 2023
CBRE announces new partnership with Howard University; the Altman Cos. launches Altman Living.
CBRE Projects Office Market Imbalance to Improve as Construction Cools
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.
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.