Office Market Seeing Nascent Recovery

Activity in the 12 largest U.S. office markets indicates many have started their recovery from the pandemic-induced downturn, reported CBRE, Dallas.

Sublease Space Weighing Office Market Down

Office vacancy rates have risen significantly since the pandemic hit. Yardi Matrix, Santa Barbara, Calif., reported one big reason for the spike: nearly every market has seen sublease space available jump.

Rental Activity, Rent Both Increase

More renters moved last year than in 2019, and many of them relocated to big cities, reported Yardi Matrix, Santa Barbara, Calif.

Apartment Rents Jump at Fastest Rate in 2 Years

Apartment effective asking rents climbed 0.6 percent in February, the fastest single-month pace seen since the middle of 2019, reported RealPage, Richardson, Texas.

‘Murky’ Outlook for Office Sector

The U.S. office sector faces a “murky” future after a tumultuous 2020, said Yardi Matrix, Santa Barbara, Calif.

Pandemic Reaching Office Market

The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.

Industry Briefs Aug. 11, 2020

Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled an agency record of $70.04 billion in July, providing financing for more than 261,000 homeowners and renters.