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Commercial real estate is a highly diverse market. It has plenty of challenges, and lots of opportunities, too. Take office real estate, which accounts for most of the now-sold properties referred ...
Recent indications from the Federal Reserve of fewer rate cuts next year have served as a reality check for commercial real estate. But the sector may finally regain momentum in 2025.
In turn, the office sector was the “most significantly affected segment within commercial real estate, enduring the biggest losses in 2023,” NAR reports, adding that “it’s unfortunate ...
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
During May 2023, CIM announced a new project at 5252 W. Adams Boulevard, the project consists of a three-story office building with a ground floor commercial space and a parking garage basement. The building is expected to include 32,600 square feet for rent.
There have been several signs in the past couple of years that commercial real estate was headed toward a major downfall. Office vacancy rates reached a 30-year high around 18% in 2023. Companies ...
In 2023, it became one of seven real estate trade association member organizations composing the Commercial Real Estate Diverse Supplier (CREDS) Consortium. [14] In 2017, the organization opposed the full-expensing of structures proposed under the Tax Cuts and Jobs Act (TCJA), arguing for real estate investment to be "demand-driven, not tax ...