Analysis

"While cap rates are at record lows, the premium on cap rates for the newest assets is at an extreme as well."

Meanwhile construction costs continue to rise, as do industrial rents and e-commerce-fueled demand.

Sixty percent of the hotel or motel conversions were for multifamily housing, workforce housing, housing for veterans or housing for health care workers.

The 80% who paid by May 6 is a 0.1 percentage point decrease from the share who paid rent through May 6, 2020.

At the same time, the share of renters missing payments dipped from 7.9% in December to 7.7% of renters in March.

The average flex workspace requirement size was down by 29% last year and dropped average initial term length by a month.

Rising material costs and supply shortages along with expected increases in mortgage rates are expected to keep a growing number of potentially prospective home buyers in multi-family rentals.

The Fed says that disruptions caused by the pandemic make it hard to understand what valuations are in the CRE sector.