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6 Reasons a Recession is Unlikely
Office Leasing Highlight a Demand for Quality 10-Point Plan to Address Housing Affordability KPG Funds Predicts a 50-60% Increase in NYC CRE Real Estate Firms Embracing AI Housing Price Forecasts, Illinois and Chicago PMSA
where real property meets real data, every day
In This Edition
Office Leasing Highlight a Demand for Quality
10-Point Plan to Address Housing Affordability
KPG Funds Predicts a 50-60% Increase in NYC CRE
Real Estate Firms Embracing AI
Regional: Housing Price Forecasts, Illinois and Chicago PMSA
Economic: Six Reasons a Recession is Unlikely
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Mortgage & REITS
30-Yr Fixed RM | 6.52% | + 0.18% |
15-Yr Fixed RM | 5.93% | + 0.05% |
30-Yr FHA | 6.12% | + 0.37% |
30-Yr Jumbo | 6.68% | + 0.07% |
7/6 SOFR ARM | 6.15% | + 0.20% |
30-Yr VA | 6.13% | + 0.34% |
Average going rates as of Aug 6th 2024
S&P 500 | 5,240.03 | + 1.04% |
S&P REIT | 352.67 | + 2.51% |
FTSE NAREIT | 783.83 | + 2.28% |
Numbers as of Aug 6th 2024 closing
Key Trends
Office Leasing Highlight a Demand for Quality. Link
Prime Office Space Premiums: Savills reports that prime office rents are 31.4% higher globally than Grade A office rents, with North America leading at a 62.5% premium. This trend signifies the high demand for top-tier office spaces despite economic uncertainties, making it crucial for investors and businesses to stay informed about the evolving market dynamics.
Market Resilience and Growth: Despite rising costs, 94% of major office deals in the first half of 2024 involved expansion or renewal. This resilience highlights a robust commitment to maintaining quality office environments, especially in leading cities like London, Hong Kong, and New York. Subscribe now to receive exclusive insights on how businesses are navigating these market conditions.
Regional Variations and Opportunities: The Asia-Pacific region shows a significant variation in prime office space premiums, with Sydney at 13.5% and Shenzhen and Beijing exceeding 70%. Europe, the Middle East, and Africa have a lower regional premium of 17.9%. Understanding these regional differences can offer strategic advantages. Sign up for our newsletter to get detailed reports and expert analyses tailored to your investment needs.
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