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Office rents did decline in 37 out of the 79 metros Moody's tracks for Q2.
The number of loans on lenders' watchlist "shows the continuing uncertainty and the tenterhooks that the market hangs on when looking at the future performance of CRE properties."
Effective US asking rents are up 2% in June alone.
Marcus & Millichap CEO Hessam Nadji told CNBC hybrid work is sustainable, but as the economy reconfigures demand will increase for new space.
Apartment demand has been bolstered by rising employment growth, which has spurred household formation.
Origination volume in Q1 was less than half the average volume in 2019, according to Trepp.
Los Angeles, Inland Empire and Chicago stood out for individual sale totals in excess of $1 billion closed since the start of the year.
The spike in activity wrought by the COVID-19 pandemic is one example of a misleading indicator.
Mixed-use properties are commanding higher rents, according to a CoStar study of 37 malls.
Not every market fits the conventional narrative as certain Sun Belt markets posted flat or declining year-over-year rent growth.