The United States is under-retailed by 200 million square feet amid rising consumer demand, CBRE, Dallas, found in a recent analysis.
Tag: CBRE
CBRE: Medical Outpatient Buildings Poised for Growth
Medical outpatient buildings are poised for lower vacancy and higher rents, leasing activity and sales transaction volume, CBRE reported.
CBRE: Strong Office Conversion Pipeline Will Boost Downtowns
CBRE, Dallas, said office conversions have had a great 2024, with 73 completed and another 30 scheduled for delivery by year-end–the most since the firm began tracking conversion projects eight years ago.
CBRE: Multifamily Vacancy Rate Declines
CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.
Dealmaker: CBRE Arranges $91M Sale in Los Angeles
CBRE, Dallas, arranged the sale of Extra Space Storage in Cerritos, Calif. to Houston-based investment firm Hines for $91 million.
CBRE: High-Supply Multifamily Markets Starting to Recover
CBRE, Dallas, reported that multifamily markets that have seen the most growth in new supply–and thus the most negative effective rent growth–may be recovering soon.
CBRE: Office Lease Concessions Decline for First Time in 4 Years
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.
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.
More Companies Shifting Office Strategies, CBRE Finds
More companies are shifting their office portfolio strategy toward expansion after focusing on contraction since the pandemic, according to a new CBRE survey.
Dealmaker: CBRE Secures $130M Construction Financing in Los Angeles
CBRE Capital Markets’ Debt and Structured Finance secured $130 million in construction financing for the development of a studio campus in the downtown Los Angeles Arts District.