Occupancy rates throughout the retail real estate industry have ticked up in recent months, leaving the sector on its best footing since before the pandemic.
The average cost of renting a new apartment grew by more than 15 percent in 2021 across the U.S., according to commercial real estate services firm Marcus & Millichap. Rents are likely to grow by another 9 percent in 2022, the firm’s researchers predict.
The first thing to know is that every time there is a rapid increase in rates, something “breaks” in the economy, causing a lot of stress and slowing growth.
Fitch will begin to score the building sector on climate change vulnerability, reports Commercial Observer. Macy’s still sees a future in large-format stores, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
