Newmark secured $500 million for its capitalization.

The number of transactions has slid by 46% YoY, and the total square feet occupied is down by 49%.

NIC reported a "significant slowdown" in construction requests in Q1.

Asking rents are only $16 below the record high set in August 2022.

The total worth of U.S. homes hit a record $46.8 trillion in June.

Right now, though, high interest rates and tightening lending standards are still taking a toll.

The financial necessities are out of reach of many, with no recovery in sight.

With a vacancy rate hovering around the low fives, lease rates will climb albeit more slowly.