Overall, the office market continues to see negative net absorption, rising vacancy rates, and lower asking rent in 2021 Q3 compared to one year ago.
By:
Scholastica (Gay) Cororaton
Commercial & Investment Real Estate, Office Property
Original source: https://www.nar.realtor/blogs/economists-outlook/top-10-office-markets-as-of-2021-q3
New research from the Association of Foreign Investors in Real Estate may show that global buyers with long-term goals still have an appetite for U.S. real estate. Original source: https://www.nar.realtor/commercial-connections/cross-border-caution
Retail Vacancy Rates at Lowest Levels Since Q2 2020 With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-retail-vacancy-rates-at-lowest-levels-since-q2-2020
NAR Honors Good Neighbor Award Finalists The award recognizes REALTORS® who have made significant volunteer contributions in their communities to improve the lives of their neighbors in need. Media Contact: Sara Geimer 312-329-8296, Spencer High 202-383-1051 Original source: https://www.nar.realtor/newsroom/nar-good-neighbor-award-finalists-honored-for-strengthening-their-communities
Existing-Home Sales Recede 2.0% in August In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Media Contact: Quintin Simmons 202-383-1178 Original source: https://www.nar.realtor/newsroom/existing-home-sales-recede-2-0-in-august
Student Loan Debt Is Curbing Millennial Homeownership Americans with high student debt often must choose between retirement investment, buying a home, getting married, starting a family, or saving money. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/student-loan-debt-holding-back-majority-of-millennials-from-homeownership
Three Commercial Committee members share what’s happening in their market and how they’re moving business forward. Original source: https://www.nar.realtor/commercial-connections/forging-ahead
