Property Metrics
National Vacancies
Vacancy rates year-over-year decreased in all regions, with the largest change coming from the Northeast, which tightened to 4.9 percent from 5.8 percent in the first quarter of 2017.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for June 2017 in New York City.
Development
Compared to May 2017, the percentage of industrial properties under construction decreased by 11.9 percent, followed by a decrease of 7 percent for office construction.
CRE Transaction Volume and Percent Change
The volume has ranged over the past 10 years from $13.2 billion in the first quarter of 2009 to $160.2 billion in the fourth quarter of 2015.
West Sees Largest Investment Decline in 1Q
All regions of the U.S. saw a decline in commercial real estate investment for the first quarter of the year, according to Real Capital Analytics data, with the West and Southwest seeing the greatest decreases in transaction volume.
Delinquencies on the Rise in June
The total number of delinquencies has continued to climb since the beginning of the year, hitting $15.2 billion as of June 2017, according to S&P Global data.
Development
The retail sector peaked in May 2014 at 52.5 million square feet, but experienced a 27 percent decline in construction in the following year.
National Vacancies
Forecasts show that net absorption is expected to rise in the first quarter of 2018 only in the West region (33.5 percent) and is expected to decrease in the rest of the regions.
CMBS Delinquencies
Retail properties had the largest decline, at $639 million, while office decreased by $518 million.