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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 ...
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 ...
This report is from WLRN News, a Miami Herald partner. Listen to WLRN on 91.3 FM in Miami or go to WLRN.org. The decades-long practice of property owners paying real estate commissions is being ...
The news outlet was started in 2003 by Amir Korangy, and focuses on both commercial and residential real estate. The online and print publication, which serves as a source for other periodicals, [1] was self-proclaimed "the must-read news source for real estate news," in a profile in the Los Angeles Times in 2009, [2] and "the hot sheet for NYC ...
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 ...
Keller Williams continued expanding and in 2007, the company launched Luxury Homes by Keller Williams, a division within the company that brokers luxury only real estate. [11] In 2008, it launched KW Commercial, a division providing commercial real estate associates with specialized technology, marketing tools, and resources. [12]
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 ]
While the outlook for office space is overall gloomy, more commercial real estate investors are considering and investing in converting their buildings into other uses—particularly office-to ...
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