Apartment market conditions continue to loosen, though deal flow increased for the second straight quarter amidst more favorable conditions for debt financing.
In June, US housing starts increased by 3% to an annualized rate of 1.35 million, primarily due to a significant 19.6% rise in multifamily construction.
Street rates for self-storage units fell in May across all top metros, influenced by current economic conditions and high interest rates.
KKR invested $2.1B in 5.2K apartments across the US in its largest-ever multifamily acquisition in history.
Consumer spending slowed down in May, even as rents slowly started rising again, complicating the Federal Reserve’s fight against inflation.
Rents for NYC's approximately one million rent-stabilized apartments will increase by 2.75% starting this fall.
Interest from international investors in U.S. commercial real estate (CRE) has plummeted to its lowest level since 2011.
According to the latest data from Redfin, U.S. asking rents increased for the second month in a row, reaching their highest level since 2022.
The bank injected an additional $1.4 billion from its balance sheet. Fund’s lending capacity exceeds $7 billion including leverage.
National apartment occupancy rates, which have been on a downward trend since early 2022, may finally be showing signs of stabilization.
WeWork has arranged approximately $450M in new financing to exit Chapter 11 bankruptcy without the involvement of its co-founder, Adam Neumann.
April saw stable national rents: one-bedrooms fell to $1,486, and two-bedrooms edged up to $1,843, with NYC spikes and North Carolina drops due to higher inventory.