Analysis

Restrictive immigration policies could translate into higher development costs.

They see how quickly things can change, something CRE markets should remember.

The shift reduces return costs and increases foot traffic and in-store sales.

Long-term deal for 259K SF may signal 2025 rebound for struggling sector.

Anything that could push up Treasury yields affects CRE borrowing costs.

Moody’s expects even speculative-grade defaults to decline in the U.S. and Europe.

Renewal rates were meaningfully lower in San Diego and Austin, however.

Closing on deals has been slow in 2024, but slightly ahead of 2023.