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Cap rates on suburban garden apartments fell below rates for mid-rise and high-rise multifamily properties during the second quarter, according to recent data from MSCI-Real Assets.
A full 50 percent of office visits globally were just once a week in the second quarter, up from 44 percent in the first quarter, according to data from Basking.io, a workplace-occupancy analytics company. At the same time, fewer people made the commute four to five days a week, especially in large cities.
Even as apartment rents rise, some nomads are returning to big cities for more stability. Many of them are growing older and finding that the lure of being a nomad is not always easy to reconcile with the demands of starting a family.
Large investment firms are forming funds targeting power plants, telecom towers and data centers, reports The Wall Street Journal. An increasing number of homebuyers are pulling out of their contracts as they worry about rising mortgage rates, recession, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
