Research

A report by Middleburg Communities projects a decline in homeownership to 20-year lows and a subsequent rise in the demand for multifamily housing.

In the months of March, April and May, 634,000 square feet of sublease have been added to the Atlanta office market.

While transaction volume and liquidity have fallen, Real Capital Analytics Senior Vice President Jim Costello wrote, it would be "wishful thinking" to expect that the shift in buyer expectations alone will lead to a decline in price.

Multifamily properties will likely experience less distress than other property types—specifically relative to retail, for example, the report says.

In what is normally considered prime leasing season, rents declined nationally by .3% month over month, with the largest drops in gateway markets, according to Yardi Matrix.

"The lack of affordability in some urban areas is changing behavior, sometimes radically," the report states.

Zillow said the 2.2 million Gen Zers represent an estimated $726 million in rent payments each month -- about 1.4% of the rental market at risk.

In May, $9.4 billion across 243 commercial loan notes were sent to special servicing, according to servicer and watchlist data compiled by Trepp.