New York City Real Estate News
New York City
Post Covid, New York City Hotel Market on the Road to Recovery
Global property consultant CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth.
National U.S. Office Rents Slip Annually in May
According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.
Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.
Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.
Commercial Mortgage Debt in U.S. Hits Record $4.25 Trillion in Q1
According to the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, U.S. commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) in the first quarter of 2022.
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