CBRE, Dallas, found that there were fewer industrial leases of 1 million square feet or more in 2023 compared with 2022. Of the top 100 industrial leases signed last year, 43 were for at least 1 million square feet, compared with 63 in 2022.
Tag: CBRE
Dealmaker: Mesa West Capital Provides $54M Construction Loan in South Brunswick, N.J.
Mesa West Capital, New York, provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a new 292,000-square-foot industrial building in South Brunswick, N.J.
CBRE: Affordable Housing Investment Down From 2021, but Still Strong
CBRE, Dallas, found affordable housing investment trends over the past few years have tracked some aspects of the overall multifamily market.
CBRE Predicts Likely Upturn in Commercial Real Estate Investment in Second-Half 2024
CBRE, Dallas, released its U.S. Real Estate Market Outlook 2024, predicting that commercial real estate investment activity likely will begin to pick up in the second half of next year.
Urban Institute: How Housing Counselors Are Navigating Challenges
The Urban Institute, Washington, D.C., released research on the experiences of HUD-certified housing counselors who mobilized to serve renting families during the pandemic and their reflections on the evolving needs of renters post-pandemic.
More Employees in Offices Where Benefits Clearly Communicated, CBRE Survey Finds
CBRE, Dallas, conducted a new survey on in-office work among corporate real estate leaders, finding that leaders and employees remain dissimilar in views. However, CBRE noted, employers that can clearly communicate the benefits of such work have a higher level of attendance.
CBRE: Hotel Revenue Growth Predicted for 2024 Despite Slower Q3
CBRE, Dallas, is forecasting a recovery in revenue per available room growth for hotels in 2024.
CBRE: Multifamily Rental Growth Slows in Q3
CBRE, Dallas, found that average multifamily rent growth slowed to 0.7% year-over-year in the third quarter amid an influx of deliveries of new units.
Tech Industry Leasing More Offices, CBRE Finds
CBRE, Dallas, reported that despite challenges in the sector, the tech industry has reclaimed the largest share of U.S. office leasing in the third quarter.
Data Center Construction Reaches Record High, Driven by AI Growth: CBRE
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.