NOT FOR REPRINT
Page Printed from: globest.com/markets/northeast/
Sign In To follow
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.
Leasing = hits post-pandemic record for third consecutive quarter amid shifting strategies.
Owner-occupier deals surged 36 percent in the year-to-date through the third quarter of 2024.
Its outcome could have far-reaching implications for housing policy across the US.
Despite short-term pressures, multifamily would remain “a favored asset class.”
According to Realpage, 667,000 total units were absorbed last year even as job growth slowed.
From key fundamentals to a safer investment.
Overall performance varied by category and geography.
Data center developments are attracting operators willing to sign long-term leases.
The buyers include Kohan Retail Investment Group, Katan Realty Group, and Ilya Mikhailov.
Additionally, the landlord will invest $300 million in the asset.