North America Commercial Real Estate News
North America Commercial
Holiday Retail Sales for 2024 to Hit Record $1 Trillion
Global property consultant CBRE reports that U.S. retailers are adopting strategies to make in-store returns more convenient, encouraging customers to return online purchases to physical locations instead of through the mail. This shift helps retailers reduce return-related costs and boosts in-store foot traffic, creating opportunities to drive additional sales.
Tech, AI Industries Drive Largest Share of Office Leasing Activity in U.S.
CBRE's latest Tech-30 report shows that the tech industry boosted its share of U.S. office leasing to 18% in the first three quarters of this year, partly fueled by companies involved in artificial intelligence (AI).
Commercial Real Estate Lending in U.S. Enjoys Strong Growth in Q3
New research by CBRE shows that the commercial real estate lending market continued its upward trajectory in the third quarter of 2024, with a notable increase in acquisition financing and strong issuance across asset classes, including large office transactions.
U.S. Multifamily Market Begins Recovery in Q3
Based on CBRE's latest research, the U.S. multifamily market is showing signs of recovery as the vacancy rate fell in the third quarter of 2024 for the first time in more than two years and renter demand outpaced record new supply deliveries.
North America Commercial Property News
Despite Return-to-Office Mandates, U.S. Office Vacancies Continue to Rise
Posted on October 21, 2024
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