The seasonally adjusted annual rate (SAAR) for multifamily starts shot up 30.6% in June to 414K units
Domestic migration slipped into the negative for the first time in decades.
Leasing may be cooling, but pre-leased builds are gaining serious momentum.
With rent inflation down to 3.8%, the Fed has one less reason to rush rate cuts.
The overall special servicing rate rose by 27 bps MoM, marking the third consecutive monthly increase and a 225 bps surge YoY.
Owner-occupier deals—once a minor share of the office market—have surged since 2022. By 2024, these deals made up nearly 30% of office acquisitions.
Over 12M SF of facilities changed hands, up 22% YoY, with the average price per SF rising 31% to $117.
A record $350B in dry powder is waiting on the sidelines, with pressure to deploy mounting.
Construction costs in New York hit $534/SF—highest globally—as labor shortages and trade pressures tighten U.S. supply chains.
The US apartment market absorbed over 227K units in Q2, surpassing even the pandemic-era highs of 2021 and early 2022.
BlackRock’s latest acquisition brings $7.3B in net lease real estate under its belt as it strengthens its private credit platform.
