World News
Demand for U.S. Life Sciences Space Spikes 28 Percent Annually in Late 2024
CBRE's latest market data shows the U.S. life sciences real estate sector posted positive net absorption in Q4 of 2024, even as an increase in construction completions pushed the vacancy rate to 19.7%.
U.S. Construction Hiring Rate Drops to Lowest Levels in 5 Years
The construction industry had 217,000 job openings as of December 31, 2024, according to an analysis by Associated Builders and Contractors (ABC) based on data from the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Meet HAL, Real Estate Agent of the Future
I recently watched the movie Her, a 2013 American romantic drama set about 20 years in the future in Los Angeles. The film stars Joaquin Phoenix as a lonely man who forms a deep personal relationship with Samantha, an advanced AI-powered phone super APP personified by Scarlett Johansson's voice.
U.S. Homes Are Selling at Slowest Pace in 5 Years in Early 2025
According to Redfin, U.S. homes are selling at the slowest pace since the pandemic's onset in early 2020, as high mortgage rates and elevated home prices persist.
Multifamily Property Sector in America Rebounding
CBRE's latest research highlights a strong recovery in the U.S. multifamily market during late 2024, fueled by declining vacancy rates and robust demand.
