Office Space

Commercial And Industrial Real Estate Doing Well

Posted on by TMN Editor
By CHUCK GREEN While climbing interest rates are throwing a monkey wrench in the U.S. economy, commercial real estate – at least in the short term – seems to be looking up. In a recent address to the 2022 REALTORS Legislative Meetings’ Commercial Economic Issues and Trends Forum, NAR Chief Economist Lawrence Yun said regardless of burgeoning rates, the commercial real estate market is expected to prosper. “Outside of the office sector, which is lagging behind as employers allow increased remote work flexibility to keep and attract talent, commercial real estate continues to strengthen,” Yun said. Apparently shucking aside setbacks in light of the 2020 and 2021 pandemic, heading into this year conditions were looking up for the commercial real…

Morning Roundup (4/11/2022)– Office Space Vacancies, Vacation Home Demand

Posted on by TMN Editor
Good Morning! Today is Monday, April 11. Pittsburgh Steelers quarterback Dwayne Haskins was killed by a dump truck while trying to cross a highway on foot in South Florida. Biden will announce a new firearm regulation Monday meant to contain the use of privately made weapons. Elon Musk has decided not to join the board of Twitter. The Mortgage Note Reports Office Space Vacancies: Writer Chuck Green reports that office vacancy rates are being monitored closely as the commercial space industry continues to grapple with COVID’s effects on the workplace. Vacation Home Demand: Second-home demand fell for a second straight month as rising rates and increased fees deter buyers. Better Loses Another Exec: Better.com CTO Diane Yu is stepping back…