Labor Shortage Helps Boost Residential Construction Pay
Average Hourly Wage Rose 9% From Last Year
Residential construction workers are commanding more money, benefiting from a labor shortage and the effects of inflation.
Lack of New Office Construction May Help Boost Occupancy in Top-Tier Buildings
Shortage of High-Quality Options Anticipated As National Development Pipeline Dries Up
After years of record amounts of available space weighing on the national office market, a lack of new construction could portend a shortage of high-quality options.
US Single-Family Housing Starts Fall Two Years in a Row
Buyers Face Affordability Issue While Builders Struggle To Find Labor, Lots
U.S. single-family housing starts nationwide dropped for the second year in a row as high prices and mortgage rates diminished demand for new houses.
High-End Office Buildings Stand Out to Tenants Committing to Space
Some Companies Say Higher-Quality Properties Help With Recruiting
A widening divide has emerged between the vacancy rates in top-tier office buildings and for non-prime properties as tenants prioritize space to recruit and retain talent.
Voluntary Foreclosure Activity Slows
Office Borrowers Are the Most Willing To Work With Lenders, CoStar Data Shows
Voluntary commercial property foreclosures, called deeds-in-lieu, in the United States slowed from their peaks last year, according to CoStar data, an indication that, while still ...
Express Store Closings Hit California the Hardest
Nearly 100 Locations Expected To Go Dark Coast to Coast
Express, a longtime mall staple, is forging ahead with plans to close dozens of stores this year after filing for Chapter 11 bankruptcy protection.
REITs Shift Toward Nontraditional Properties
Self-Storage, Data Centers Replace Some Office, Multifamily as Favored Assets
Real estate investment trusts have shifted their preference over the past five years away from some traditionally favored office and multifamily properties, according to CoStar dat...
Developers Warm to Speculative Cold Storage as More Shoppers Go Online To Buy Groceries
Amount of Refrigerated Space Built Without Signed Tenants Has Climbed More Than 10 Times Over Since 2019
Industrial real estate developers are racing to build cold storage on speculation, proceeding without signed tenants on a bet that more consumers will buy groceries, meal kits and ...
CMBS Market Faces Higher Cost of Money While Ability To Repay Loans Declines
Deal Data Shows Effects of Fed’s Efforts To Get Inflation Under Control
In the commercial mortgage-backed securities market, the gap is widening between the cost of borrowing money and the amount of cash left over from building operations to repay that...
Hotel Daily Room Demand Headed for All-Time High in 2023
Industry Regains Footing in Pandemic
Daily hotel room demand had been steadily increasing for a decade until its dip in 2020 with the onset of the pandemic. But the industry appears to be on the mend.