Analysis

Some Canadian investors are rethinking the case for U.S. CRE.

For the most part, we haven't seen return-to-office mandates translate into leasing demand.

Rent growth ranges from about 2.5% in Portland to about 11% in Northern New Jersey.

However, leasing is picking up momentum.

Office attendance is improving but it's far from a return to pre-pandemic times.

Major tenants, including Southeast Toyota left vacant space on the market.

Lease signings are up 26.5 percent.

Extend-and-pretend has changed the nature of CRE maturity.