North America Commercial Real Estate News
North America Commercial
U.S. West Coast Dominates Self Storage Demand
According to StorageCafe, life events continue to shape the U.S. self-storage market, with moving, housing affordability, and economic shifts fueling sustained demand. Interest in self-storage has surged by 88% since 2020, reaching an all-time high of 25 million annual searches in 2024.
Phoenix, Orange County and Inland Empire Emerge as Leading U.S. Industrial Markets
In the final quarter of 2024, industrial real estate remained one of the most stable segments within commercial real estate, according to CommercialCafe.
U.S. Mega Distribution Centers Leasing Activity Grew in 2024
According to recent data from CBRE, the U.S. industrial real estate market saw a significant increase in mega distribution center leases (1 million sq. ft. or more) in 2024, fueled by robust online sales nationwide.
U.S. Commercial Borrowing to Increase to $583 Billion in 2025, Up 16 Percent Annually
The Mortgage Bankers Association released an updated forecast this week projecting that U.S. commercial and multifamily mortgage borrowing and lending will reach $583 billion in 2025, marking a 16% increase from the estimated $503 billion in 2024.
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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