As office vacancy rates hit record highs and property values plummet, developers are turning empty office buildings into much-needed residential spaces.
Over 500K apartment units are projected for 2025—the highest since 2008—with NYC leading deliveries at 35K units.
NYC just greenlit a $5 billion plan to build 80,000 homes, tackling its worst housing crisis in 50 years with sweeping rezoning and infrastructure investments.
Commercial real estate activity has plummeted, hitting its lowest levels since 2011, with no clear bottom in sight.
Distressed CRE sales aren’t as bad as most expected, causing opportunistic and distressed funds to flag while direct lending thrives.
FHFA ups Fannie Mae and Freddie Mac loan caps by 4% for 2025 to boost rental housing support.
Industrial lease conversions are struggling, with only 30% of potential deals resulting in signed agreements, as tenants rethink logistics and economic uncertainty persists.
CMBS office delinquencies have hit their highest levels in over a decade, reflecting the seismic shifts in office demand fueled by hybrid work trends.
The US industrial property sector faces rising vacancies, with rates expected to peak in mid-2025.
The NYC Council has approved the Fairness in Apartment Rental Expenses (FARE) Act, barring landlords from shifting broker fees to tenants.
Apartment demand in Florida is surging, nearly matching the state’s record-setting supply growth in recent years.
CBRE’s latest report shows commercial real estate lending surged in Q3 2024, with double-digit growth from both Q2 and last year.
