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.
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.
A record $205.5 billion of cash is earmarked for investment in U.S. commercial real estate.
In the second quarter, U.S. businesses signed new leases for an estimated 97.5 million square feet, up from 57.4 million square feet in the second quarter of 2020, the low point of the pandemic. But, the average U.S. office lease size was 3,275 square feet, or 19% less than the average lease size between 2015 and 2019.
Since 2018, the average unit size for new housing starts has decreased 10% nationally to 2,420 square feet. Construction starts for new single-family homes declined in 2022, but starts for homes with fewer than three bedrooms increased 9.5% over the same period.
While retail landlords in some areas, including large cities, have been forced to lower rents since the start of the pandemic, the overall average asking rent for retail space in the U.S. has increased 6.3% since the second quarter of 2020. Asking rents now average more than $23 a square foot, the highest level in at least a decade.
Opportunistic real-estate funds run by private-equity firms have nearly $145 billion in so-called dry powder for future investments, up from $120 billion at the end of last year.