Flat prices and a surge in transaction volume signal that commercial real estate is finally regaining its balance.
While most U.S. markets hit pause on industrial builds, Dallas-Fort Worth is still hitting the gas.
The on-time payment rate for independently operated rentals dipped 20 bps to 83.6%, the lowest in four months.
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.
