WeWork Reduces Rents Amid Ongoing Pandemic
New York-based flex-office provider WeWork has reduced rents at many of its properties amid the prolonged COVID-19 pandemic, according to an analysis by Bloomberg News. […]
Commercial
Commercial and Multifamily Mortgage Delinquencies Continue to Rise
Delinquency rates for mortgages backed by commercial and multifamily properties increased for the second month in a row in December 2020, according the Mortgage Bankers […]
Commercial Real Estate Loans Decline 34 Percent in 2020
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019’s […]
Three Real Estate Initiatives on the California Ballot in 2020
In addition to the presidential, congressional and local elections this year, California voters will decide the fate of twelve state propositions, including three directly related […]
Annual Net Leasing Activity Plunged 68 Percent in Q2, Says CBRE
Net-leasing investment volume dropped 68.1% year-over-year to $8.1 billion in Q2, according to new research from CBRE Group. The decline for total U.S. commercial real estate over […]
Facebook and Amazon Sign Massive Office Deals Despite Pandemic
Despite work from home (WFH) protocols for their employees, tech titans are betting they will continue to need more office space in major metropolitan areas. […]
CRE: More Vacancies and Sublease Space and Greater Mortgage Delinquencies
The stubborn persistence of COVID-19 and the resultant Work From Home (WFH) practices are causing a growing number of companies to reduce their real estate […]
Key Indicators Point to Growing Pessimism in Parts of the CRE Market
Two recent reports are pointing to increased pessimism in parts of the CRE market, especially in the office, retail and hospitality sectors. The pair of […]
Coronavirus Real Estate Update #4: The Pain Starts Spreading
Local directives of Shelter-In-Place, Social Distancing and the mass closure of a vast array of businesses (restaurants, bars, malls, theatres, etc.) has resulted in 16 […]
Coronavirus to Accelerate Commercial Real Estate Trends, Says NAIOP
NAIOP, the Commercial Real Estate Development Association, issued a report forecasting that the coronavirus outbreak will accelerate trends that had been forming in commercial real […]