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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 intent is to preserve 35,000 rent-stabilized units affected by Signature Bank's collapse.
On the other hand, economic data released after the meeting took place suggest the economy may be slowing.
"At present, everything hinges on interest rates."
Houston has a highly competitive retail landscape with both elevated occupancy and rental rates.
The scarcity of new retail developments over the past decade has created a pent-up demand for fresh projects.
There are indicators of slowing employment growth in interest rate-sensitive industries.
There's still a prime leasing period only it's not as pronounced and dependable as it once was.
Investors purchased $31.3 billion worth of homes in the first quarter, up 6.6% year over year
But the market is bolstered by frustrated homebuyers seeking rental alternatives.
May 2025 will be the end of the second one-year extension the building owners get.