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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.
Meanwhile, it says CRE is showing early signs of recovery.
The Beige Book points to 'supply concerns, tight credit conditions, and elevated borrowing costs."
For states with the greatest extreme weather risk, current costs of $3,077 could almost double by 2030
Discount giant snares 170 outlets from bankrupt chain in four states.
Trade groups say new minimum care rule will add $6.5B per year to operators' costs.
Targeted conversion activity can be a catalyst for broader change.
Such buildings emit an average of 35% less energy and 35% less carbon dioxide emissions.
Scale AI is subleasing 180K SF from Airbnb in Showplace Square.
Smaller real estate owners can now get many of the benefits previously only available to institutional investors.
What it's no guarantee, volume changes have slowed enough to make them virtually flat year over year.