The national office average vacancy rose to 19.2% last quarter, just below the historical peak of 19.3% in 1991.
The national office average vacancy rose to 19.2% last quarter, just below the historical peak of 19.3% in 1991.
Apartment building starts fell to a seasonally adjusted annual rate of 334,000 units in August, marking a 41% decline from the pace seen the same month a year prior.
Commercial real-estate insurance costs have risen 7.6% annually on average since 2017.
Nearly 24% of the office-tower space in 18 major Chinese cities was unoccupied as of June. That is worse than the U.S., where office vacancy rates hit a 30-year-high of 18.2% in June.
Landlords with 1,000 properties or more accounted for 0.4% of U.S. home purchases during the second quarter, down from a peak of 2.4% in late 2021.
Unibail-Rodamco-Westfield said last year that it planned to shed most of its American portfolio by the end of 2023. Now, the Paris-based company intends to hold some of its top-performing malls beyond that self-imposed deadline.
Since 2019, rental prices have increased more in Miami than in nearly any other major metro area, soaring 56.5%.
The five largest single-family-home rental landlords increased their annual fee income per lease by about 40% between 2018 and 2021.
The Mortgage Bankers Association predicts commercial-property lending will have fallen 38% by the end of this year, when compared with 2022.