Michelle Matteson
Employment Picture
For unemployment, the most significant decrease was in the installation, maintenance and repair occupations with 30 percent, followed by professional and related (-22.9 percent) and office and administrative support (-18.3 percent).
National Vacancies
Vacancy rates decreased year-over-year in all the regions, with the largest change occurring in the Northeast, which fell from 6 percent in the fourth quarter of 2015 to 5.3 percent in the fourth quarter of 2016.
CMBS Delinquencies
Delinquencies continue to drop year-over-year from March 2016 to March 2017. Multifamily delinquencies had the largest decline of 46.1 percent or $392 million.
Investment Sales
CBD and suburban office represented 31 percent of the total transaction volume, and mid- and high-rise and garden apartments represented 33 percent in the past year.
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