Most Read CRE News In April

Capital Markets

‘No Rest For The Weary’: What Higher Interest Rate Expectations Mean For CRE

While it was initially predicted that interest rates would start to fall soon, a consumer price index report found that in March, inflation was up 3.5% from the previous year. Economists forecast that interest rate drops will be later than expected.

Loan Modifications Shoot Up, Showing ‘Extend And Pretend’ Is Alive And Well

While $162B loans were set to be paid in 2023, some borrowers have been turning to loan modifications, with $20B loans receiving these modifications.

Office

Yardi To Become WeWork’s Majority Owner in $450M Bankruptcy Exit Plan

Yardi Systems is set to become a 60% owner in WeWork to help it get out of bankruptcy.

‘I Thought It Was A Mistake’: Office Lease Expirations Are Lining Up, With Tenants In Driver’s Seat

With 217M SF office leases ending this year or next, and an additional 202M SF set to end within two to three years, some tenants can arrange lease terms that work in their favor.

Self Storage

Self-Storage Slide Continues With Declining Rents, Projects Abandoned

Yardi Matrix found that self-storage experienced a 4.5% yearly rent decrease, with supply outweighing demand for spaces. 

Multifamily

Multifamily Rent Growth Derailing Fed’s Plans To Drop Interest Rates

Because rent growth hasn’t seen a substantial enough decline from the highs of the demand for apartments during the pandemic, the Federal Reserve may not be reducing interest rates for the time-being.