We are seeing investors shift into smaller tertiary markets where competition is weaker, value-add properties where the potential for rent increases is higher.
As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.
Lonestar Airport Holdings says it spent smore than $32.5 million after signing a contract six years ago to revive a largely abandoned auxiliary terminal at Austin-Bergstrom International Airport. But the city now wants to end the lease 34 years early.
The MTA may not regain 100 percent of pre-pandemic crowds across its entire system until about 2035. Yet, ridership on the weekend for the subway is around 70 percent of pre-pandemic levels.
Freddie Mac expects multifamily origination volume to slow in the second half of 2022, reports Multi-Housing News. A recent survey shows nearly one third of Americans now expect to check in on work when taking time off, according to Fortune. These are among today’s must reads from around the commercial real estate industry.
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