Min 1: E-Commerce Just Hit 25% of All Retail Sales CBRE's numbers show e-commerce hit 23.2% of retail sales in Q3 2024 and will reach 25% by year-end 2025. Industry rule of thumb: every $1 billion in new e-commerce sales needs 1.0 million square feet of
Min 1: Office Occupancy Gap Hit 800 Basis Points Between Grades Cushman & Wakefield Office Q3 2024 report confirmed office occupancy of Grade A assets in gateway markets ran nearly 800 basis points higher than overall office average. Prime office space representing about 8% of total sector maintained 15.5%
Min 1: Second Half Activity Doubled First Half Volume Commercial real estate investment activity began picking up in second half of 2024 according to CBRE analysis. After two years of frozen capital markets, debt and equity financing conditions improved as Federal Reserve initiated rate cuts totaling 75 basis points in
Min 1: Decade of Zero Construction Created Permanent Supply Constraint High costs in 2023 discouraged construction starts and ensured scarcity of new development deliveries in 2024 per CBRE analysis. Retail construction costs rose 6.5% in 2023 and increased further in 2024, albeit at slower rate. There has not been
Min 1: Build-to-Rent Development Became Primary Inventory Source Institutional investors focused on ground-up purpose-built development rather than acquisitions of existing properties, resulting in build-to-rent construction surge according to Arbor's Single-Family Rental Investment Trends analysis. Newly released U.S. Census Bureau data showed single-family rental development activity remained robust
Min 1: Atlanta Surpassed Northern Virginia For First Time in History Atlanta led all primary markets with 705.8 megawatts of net absorption in 2024, well above Northern Virginia's 451.7 megawatts per CBRE's year-end report. This marked first time any market surpassed Northern Virginia in
Min 1: Existing Home Sales Stay Frozen Below Five Million Fannie Mae forecast existing home sales at 4.25 million for 2025, up 4.8% from 2024's 4.06 million but still down 20.3% from 2019 levels. Increased inventory rose 19.1% year-over-year to 1.37 million
Min 1: Supply Peak Hits Now But Future Pipeline Evaporated Arbor reported 98.6 billion dollars in multifamily sales through the first nine months of 2024, up 6.6% from the prior year. The 12-month average cap rate held at 5.7%, below historical averages and nearly unchanged year-over-year. Investment
Min 1: Return-to-Office Mandates Reached Tipping Point Amazon announced its five-day in-office requirement in September 2024, catalyzing a corporate wave. NBCUniversal, Microsoft, and Starbucks followed with escalated requirements, some offering exit packages for noncompliant workers. The shift from voluntary returns to mandatory policies changes space demand fundamentally. Office visits reached
Min 1: Supply Peak Already Passed While Demand Accelerates Construction starts hit their eighth consecutive quarter of decline in Q4 2024 according to Newmark's industrial market report. Developer liquidity constraints from higher borrowing costs and reduced bank lending drove the pullback. Ares Management expects new deliveries to fall
Min 1: Albany and Rochester Lead National Value Gains Albany's aggregate home value rose 11.3% to cross $110.7 billion. Redfin confirmed the data showing Rochester climbed 11.2% to $124.3 billion. Newark added 11.1% to hit $410.8 billion while Buffalo gained 11% to
Min 1 Sellers outnumbered buyers by 36.8 percent in October according to Redfin, the largest gap in records dating back to 2013. That buyer-to-seller ratio marked the strongest buyer's market in housing in more than a decade. Yet cost remained the primary obstacle as 75 of top