NOT FOR REPRINT
Page Printed from: globest.com/research/?page=64
Sign In To follow
Manhattan posted its strongest quarterly office leasing volume since year-end 2019 in the third quarter with a 26% increase to end the quarter at 9.23…
Industrial net lease had the most compression in Q3 and it remains a great time to be a seller as 1031 buyers scramble to exchange assets.
Sun Belt markets also underperformed for the sixth consecutive month.
This three-month trend signals a "return to pre-COVID habits."
That's the second largest quarterly jump since the Mortgage Bankers Association's started tracking the number in 2007.
CRE demand is present with short-term challenges "just a temporary blip."
Zumper calls it "normalization" as more than half its markets tracked show month-over-month decreases.
Redfin reports Chicago, Albany and Milwaukee are better handling high mortgage rates, uncertain economy.
Sales activity rose between 24% to 27% across the 12-month span ending in June for the sector.
Market rents have been below the level needed to support new development.