Peter Quinn’s Post

In 2024, expect softer rent growth and a 5% vacancy rate in multifamily properties. But there's more to watch. Construction isn't cheap these days. That's putting a brake on new projects, even as multifamily spots remain a bright spot in a shaky economy. What about other commercial spaces? Offices are dragging, but industrial holds its ground. Retail and multifamily could see some interesting moves this year. This year, real estate's walking a tightrope. High costs and tough regulations are shaking things up. #commercialrealestate #multifamilyrealestate #realestate

A lot about commercial real estate and the economy has changed since we launched our blog series on multifamily conversions two years ago. We’ve been updating all the posts with new information and statistics to keep them timely and relevant, but thought it was time for a new post providing a comprehensive update. So, Part 6 in our series on multifamily conversions is an extensively researched update that covers office vacancies and subleasing, office, hotel and shopping mall conversions, capital market, non-performing loans and distressed asset and more. You can read it at https://bit.ly/3QjADZf #commercialrealestate #multifamily #apartments #multifamilyconversions #realestatedevelopment #commercialrealestateinvestment

Greater Boston's multifamily market is showing promising signs of stabilization! Dive into the latest insights with Colliers' Q3 Greater Boston Multifamily Market Report. https://ow.ly/AbyB30sIeFe Key Takeaways: Occupancies have improved every quarter this year. The pace of construction is at a 10-year low. Year-over-year rent growth improved to 2.9% in 24Q3. Investment sales activity remains well below peak levels. #BostonRealEstate #MultifamilyMarket #ColliersInsights

The latest MSCI Capital Trends US Distress Tracker reveals a significant rise in U.S. commercial real estate distress, reaching $94.2 billion in Q2 2024. Notably, the office and apartment sectors have been the primary contributors to this uptick. Despite $10.6 billion in new distress, $8.6 billion was resolved, leaving a net increase. Manhattan remains the leading area of distress, driven by office space challenges, while San Francisco's apartment sector notably surpassed office distress. This trend underscores the evolving dynamics in the commercial real estate landscape. Stay tuned for more updates on current office market trends! #oregonrealestate #portlandrealestate #oregon #oregonrealtor #portlandrealtor #portlandoregon #pnw #commercialrealestateagent #portland #commercialrealestateagent #pdxrealestate #pdx #pdxrealtor #CRE #pnwcommercialrealestate #officespace #warehouse #realestateinvesting #industrialspace #flexspace #commercialproperty #business #land #portlandrealestateagent

🚀 Real Estate Resilience: Multifamily Properties Shine Amid Market Fluctuations! As commercial real estate navigates a landscape of high interest rates, the latest MSCI report highlights key trends that every investor should watch: Overall Stability: Commercial real estate prices are showing signs of stability, with a slight monthly drop of only 0.2%. Sector Spotlight: While office spaces struggle, industrial real estate leads with a robust annual growth of 5.7%. 🏢 Multifamily Insights: ➡ Moderating Declines: The pace of price decline in multifamily properties has slowed, marking a significant shift from earlier trends. ➡Long-Term Value: Despite recent dips, apartment prices remain 11% higher than their April 2020 levels, underscoring sustained value through turbulent times. 💡 Strategic Takeaways: ➡Diversify with Confidence: The resilience of multifamily properties makes them a compelling component of a diversified real estate portfolio. ➡Capitalize on Stability: With industrial and multifamily sectors showing strength, strategic investments in these areas can leverage market stability. For investors, understanding these dynamics is crucial to navigating the current economic environment effectively. At 7fold Realty Advisors, we’re committed to leveraging our deep market expertise to guide our clients through these complex landscapes, maximizing returns and securing long-term growth. #RealEstateInvestment #MarketTrends #MultifamilyRealEstate #CommercialRealEstate #7foldRealtyAdvisors

Don't worry, Be happy. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance It’s not quite “Don’t Worry, Be Happy,” but a new note from CBRE emphasizes that multifamily problems will eventually end. “Markets are never static and strong rent increases are likely to resume in traditionally higher growth cities as excess supply is absorbed,” they wrote. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ Contact Us for Commercial Investments, Financing and Insurance. Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp https://lnkd.in/dHfQbA2Q

Greater Boston's multifamily market is showing promising signs of stabilization! Dive into the latest insights with Colliers' Q3 Greater Boston Multifamily Market Report. https://ow.ly/uazX30sIbKB Key Takeaways: Occupancies have improved every quarter this year. The pace of construction is at a 10-year low. Year-over-year rent growth improved to 2.9% in 24Q3. Investment sales activity remains well below peak levels. #MultifamilyMarket #ColliersInsights

Has Commercial Real Estate Performance Turned the Corner? In his latest video, John T Chang dives into the current state of commercial real estate, sharing insights into whether the sector is poised for a turnaround. - Multifamily Demand: Discover the forces driving multifamily as a resilient asset class - Office Surprise: An unexpected metric that’s defying office market expectations - 2025 Outlook: Key trends set to shape CRE performance in the coming year Watch now to gain perspective on what’s next in #CRE: https://lnkd.in/gzWRGZV3 #commercialrealestate #multifamily #office

While office-occupying industries continued to decline in Portland, the CBD saw some signs of life with positive absorption (first time since 2017 or 2019 depending on the source). Overall, though, office saw negative absorption across the metro. For perspective, I recently took CoStar’s office statistics for Portland CBD, applied a 15% permanent frictional vacancy, and assumed the highest positive net absorption seen in their survey (378,004 SF in 2010). The result is a stabilization period that projects out over 11 years from now (including sublease inventory). Bottom line: office has a long way to go to recover here.

Greater Boston's multifamily market is showing promising signs of stabilization! Dive into the latest insights with Colliers' Q3 Greater Boston Multifamily Market Report. https://ow.ly/J7xv30sIs6p Key Takeaways: Occupancies have improved every quarter this year. The pace of construction is at a 10-year low. Year-over-year rent growth improved to 2.9% in 24Q3. Investment sales activity remains well below peak levels. #BostonRealEstate #MultifamilyMarket #ColliersInsights