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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The sales could help reestablish price discovery and strengthen valuations to ultimately pull the market out of its doldrums.
Asking rents were 23% above pre-pandemic (June 2019) levels, while mortgage payments were 90% above
Sixty-nine percent of properties sold to investors went to mom-and-pop investors.
On average, privately owned student housing runs around $1,000 per month per bed.
Dollar transaction volume in the quarter was down 17.4% and cap rates were off by 63 basis points year over year.
It is a burgeoning subsector.
The company's strong leasing activity is driven by demand for high-quality, premier workplaces.
New home sales in the 50 top-selling master-planned communities of 2024 remain steady, with a less than 1% decline.
The survey highlights a significant level of optimism among real estate investors, particularly in the single-family market.
Buyer engagement was already on the upswing due to a number of factors.