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Retail rents in all 17 New York City retail corridors have decreased since 2019, ranging from 1% to 25%.
The average asking rent is down as availability hits record highs.
Despite lower transaction volumes, 34% made more money year-over-year in 2020.
The affordable housing vacancy rate closed the third quarter at 2.4%, within the historical average for the asset class.
US industrial inventory increased 2.4% this year while industrial absorption increased 3.3%.
Refinancings helped fuel activity in Q3.
Cushman & Wakefield projects overall vacancy to gradually rise by about 60 basis points to 5.8% by the end of 2021.
Student housing vacancy has surged by nearly 2% as operators await university plans for spring semester.
Net lease volume increased quarter-over-quarter but fell year-over-year.
Institutions are decreasing core and value add allocations to make room for distress in their portfolios.