Globest Sectors

Average asking rents rose $8 to a record $1,604 and year-over-year growth increased to 13.9%, Yardi Matrix reported; declines imminent.

Phoenix, Dallas, Orlando were 2021's most popular migration destinations, Redfin reported, but with home prices up roughly 30% there, some locals are getting priced out.

Chief among them is multifamily household formation.

The 230-story hotel has 4,300 square feet of retail space, a lobby bar, and a 24/7 market.

The 200,000-square-foot, state-of-the-art development represents one of Manhattan's first ground-up spec office developments since the onset of the pandemic.

The firm has purchased a fully-leased, 76,605-square-foot, mixed-use asset at 375 Broadway.

The REIT has expanded its local portfolio with the purchase of a 99% leased, 357,000-SF center and a 100% leased, 168,000-SF center.

Traditional BFR companies are branching into duplexes and townhouses to make infill locations work.