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AI Hyperscalers Drive Record Data Center Leasing in Early 2025
Record-breaking demand from hyperscalers and cloud providers drove data center leasing volumes to new highs in the first quarter of 2025, fueled by the global AI boom and tightening power supply, according to CBRE's latest Global Data Center Trends report.
Record 45.1 Million Americans to Travel Over 2025 Memorial Day Weekend
Americans are gearing up for a record-breaking Memorial Day weekend, with AAA forecasting that 45.1 million people will travel at least 50 miles from home between Thursday, May 22 and Monday, May 26. The figure marks a 1.4 million increase from last year and breaks the previous travel record of 44 million, set in 2005.
Despite Geopolitical Uncertainty, European Hotel Values Rise
According to HVS' annual Hotel Valuation Index (HVI), hotel values in Europe saw a consistent 2.0% increase in 2024, driven by lower interest rates, modest RevPAR growth, and sustained demand for European travel from international visitors.
Global Luxury Residential Prices Showed Gradual Improvement in Late 2024
According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.
