We Lend CEO Ruben Izgelov examines the potential of the commercial-to-residential conversion proposal on NYC’s residential and CRE markets.
Port markets in Southern California lead rent growth, sales volume tops $1B in two new markets and Phoenix pipeline shows no signs of slowing.
As global trade routes reopen, West Coast port markets are seeing significant increases in activity. Naturally, this translates to high occupancy and vacancy rates of below 2%, as well as lease spreads of nearly $2 per square foot.
Development continues at accelerated pace, working to keep up with growing demand across the country, with some markets tightening to vacancy rates of 3% and even 2%.
U.S. industrial lease rates continued to climb in April while vacancy held steady at 6.1%. Sales activity accelerated, closing out April with $5.1 billion in industrial transactions nationwide.
2021 Spring Webinar: Changes Continue & Expectations Adjust for Future of Industrial & Office Sectors
Industry experts Jeff Adler and Peter Kolaczynski discussed the current & future landscape of office & industrial at the CommercialEdge & Yardi Matrix 2021 Spring Webinar.