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 [...]
A recent report – released in late May 2022 – shows the industrial commercial real estate (CRE) boom is far from over, even when the “headwinds” are accounted for. The May 2022 Matrix Industrial Report, from Yardi Matrix, says that although the “economy hit a rough patch in the first quarter due to inflationary pressures [...]
Recent data from the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding report shows that the level of outstanding debt on commercial/multifamily mortgages – during the final three months of 2021 – was $287 billion (7.4 percent) higher than the level seen at the end of 2020. Report frequency The MBA releases this data [...]
According to a forecast from the Mortgage Bankers Association (MBA), 2022 is set to be a record-breaking year with mortgage borrowing and lending activity for commercial real estate (CRE) assets surpassing one trillion USD. The figure was released during the MBA’s annual CREF Finance Conference and Expo, where several industry experts discussed the way forward [...]
Over the past few years, the use of drone technology in the commercial sector has seen massive growth, with drones being used for everything from agriculture to law enforcement. In the commercial real estate (CRE) context, the value of drone technology is also rapidly becoming apparent. Drones deployed for site inspections can save time and [...]
Recent analysis from CNBC has shown how the e-commerce boom evidenced in 2020 dipped slightly but steadied, suggesting a fundamental shift in how US consumers choose to shop. Quoting the Commerce Department, CNBC says online sales peaked at 15.7% of total retail sales in mid-2020 and that “while they’ve come slightly off that peak as [...]
Despite the ongoing uncertainty of the new virulent Omicron variant of Covid-19, there are a lot of positive signs that we can expect in 2022 for commercial real estate (CRE), according to a round-up of sources. The case for optimism First, however, an important caveat: Of course, all of these predictions are opinion. No matter [...]
By Andrea Morris, Administrative Assistant, NAI Black, Spokane, WA In late November, the NAI Black team was invited for a private tour of the newest addition to Spokane’s North Bank: The Podium. The detail and care put into the building’s design are evident as you move through each space. Our tour took us through the [...]
