The WPJ

North America Commercial

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.

Green Energy Companies Flocking to New York City Office Space

According to CBRE, with over $55 billion committed by New York State to source 70% of its power from renewable energy by 2030 and to achieve a zero-emission electric sector by 2040, New York City is experiencing the start of a new trend according to the CBRE Brief, "NYC's Energy-Related Leasing Rises in Response to State's Transition to Renewables."

North America Commercial Property News












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