There’s been a lot of talk recently around the role of commercial real estate (CRE) in the current economy. More than a few news sources have speculated that CRE may be the ‘next shoe to drop,’ after bank failures left many wondering about the broader exposure of financial institutions to real estate. One sector that’s [...]
By Stephen Pohl, Managing Broker, NAI Black, Spokane, WA Having recently attended the ICSC Las Vegas 2023 Spring Convention, I offer a few thoughts on this 24,000+ attended meeting. I am, however, unable to resist some brief nostalgia as an important contrast for the reader on the convention’s evolution. I initially worked for an Exxon [...]
For most of 2022, there was a little bit of light for the beleaguered office sector in the form of Class A offices. Where Class B and C buildings struggled, Class A showed a steady uptick through the year. This was largely due to the ongoing efforts to provide best-in-class amenities, designed to tempt occupiers [...]
2022 was a bumper year for the data center industry. A Q4 market report from industry analysts datacenterHawk outlined massive growth, showing that data center absorption jumped 2.5x, smashing the records previously set in 2021. The report adds: “Transactions are getting larger and a wider pool of companies are executing large-scale leases. These companies are [...]
Among the commercial real estate (CRE) sectors that outperformed last year, multifamily was one of the stars of the show. Many areas saw red-hot demand for apartments in early 2022, and the trend only really started slowing towards the end of the year. Even with that slowdown however, 2022 will go down in the books [...]
A new report from the Mortgage Bankers Association (MBA) shows that Mortgage delinquency rates have dropped in Q3 2022. According to the data, “98.3% of outstanding [commercial and multifamily] loan balances were current or less than 30 days late at the end of the third quarter, up from 97.6% at the end of the first [...]
According to the Wall Street Journal (WSJ), there may be even more business incoming for the already-booming industrial real estate sector. As the price of energy climbs in Europe, manufacturers are turning their eyes to the US as a go-to option for reshoring their operations. As WSJ explains: “Battered by skyrocketing gas prices, companies in [...]
Throughout 2021, the cost of building materials was a constant pain point for the construction industry. In an analysis by the Associated General Contractors of America (AGC) earlier this year, prices were found to have jumped over 20% between January 2021 and January 2022. The cost of specific materials like steel and plastic sky-rocketed, leaving [...]
There’s no getting around it – the last couple of years have not been kind to the office sector. The way we work and use office space is also changing, leading to what many consider a fundamental shift in how business, and office real estate, operates. While some consider these developments a chance to reevaluate [...]
Foreclosures in the US were up in the first quarter of 2022 – setting what the data provider calls a “post pandemic high”. The data provider in this case is Attom, who specialize in real estate and property data – including tax, mortgage, deed, risk and other information for “over 155 million properties” country-wide. It [...]
