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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.
Improved sentiment driven by Fed's accommodative signals, decline in bond yields versus October 2023 peak.
Twenty-four of the Yardi Matrix top 30 metros posted rent gains in July.
The inventory of smaller and more affordable homes has risen as a share of the market.
Nearly 5 million square feet of vacant new deliveries hit the life sciences market during the second quarter.
Big names in logistics continue to eye the need for data centers, but the tech industry might be getting cold feet.
The report of 114,000 new jobs and 4.3% unemployment rate in July falls well under the expected 185,000 and 4.1%.
Plus, there's a preferred equity investment worth $43 million.
It's a roller coaster of data to follow, with 0.2% month-over-month growth and a 0.8% drop year over year.
Demand for office space has grown for over 12 months, ending the three months through June up 17% year-over-year.
Law firms and financial sector companies dominated "high-rise" leases and paid highest rents.