The WPJ

Top Commercial Real Estate News

Record Warehouse Development Driven by Aging U.S. Inventory

According to CBRE research, the 43-year average age of existing U.S. warehouse inventory--nearly 28% or 3.4 billion sq. ft. of which is more than 50 years old and at risk of functional obsolescence--justifies the nation's record 627 million sq. ft. of new warehouse space currently under construction.

Commercial, Multifamily Mortgage Delinquencies in U.S. Remain Low in Q2

According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, U.S. commercial and multifamily mortgage delinquencies declined in the second quarter of 2022.

Gen Xers Are Biggest Users of Self Storage Units in 2022

According to RentCafe, primarily driven by change in life events, self storage is becoming increasingly popular. The recent need to carve out space at home for home offices or gyms, plus an increase in multigenerational living, have joined the traditional reasons for using self storage including growing families, living with roommates, moving and downsizing.

Office Tenants and Their Employees Have Widening Gap in Return-to-Work Expectations

Based on a new survey by CBRE of 176 U.S. companies shows that a wide gap between manager and employee sentiment persists when it comes to regular attendance in the office--leaving open the question of whether employees will actually return at a regular cadence that endures over time.

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