Top Commercial Real Estate News

Architecture Billings Decline in December as Soft Business Conditions Persist

According to the American Institute of Architects latest AIA/Deltek Architecture Billings Index, the ABI remained below 50 for December 2023, indicating soft business conditions in the U.S. to close out 2023.

Government Sector Claimed Largest Portion of 100 Biggest U.S. Office Leases Signed in 2023

According to a new report from CBRE, the largest 100 U.S. office leases signed in 2023 included more renewals of leases for already occupied space than new deals.

U.S. Commercial, Multifamily Borrowing Dives 25 Percent Annually in Late 2023

Based on the Mortgage Bankers Association's latest Quarterly Survey of Commercial and Multifamily Mortgage Bankers Originations, commercial and multifamily mortgage loan originations in the U.S. were 25 percent lower in the fourth quarter of 2023 compared to a year earlier and increased 13 percent from the third quarter of 2023.

Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher

According to CBRE's latest research, the U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth.

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