Newport Beach Real Estate News
Newport Beach
Fast Growing AI Tech Companies Help Drive U.S. Office Leasing Activity in 2023
According to CBRE's newly released annual Tech-30 report, the tech industry reclaimed the highest share of U.S. office leasing in Q3 2023 after relinquishing the top spot in Q1 2022. Total tech leasing recovered from low levels earlier this year but remains well below pre-pandemic era leasing.
Hurricane Hillary Put 1.55 Million U.S. Homes at Elevated Flood Risk This Week
As Tropical Storm Hilary now substantially weakens this week, real estate data provider CoreLogic estimates that approximately 1,553,803 residential homes in the western U.S. were at an elevated risk of inland riverine flooding over the last few days. This includes both single- and multifamily residential properties.
Record Setting 50.7 Million Americans to Travel This July Fourth Holiday
Based on AAA projects, over 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday.
California Home Sales Dive 36 Percent Annually in April
According to the California Association of Realtors, a surge in mortgage interest rates suppressed California home sales in April 2023, while the statewide median home price climbed above the $800,000 level for the first time in six months.
Newport Beach Property News
U.S. Tenants Gravitating to Higher Quality Offices in Response to Hybrid Work
Posted on July 27, 2022
