In our latest roundup, renters stay in their units longer, GenAI change how commercial real estate operates, and banks continue high exposure due to commercial real estate.
- Strong investor interest, particularly in opportunistic and value-add segments, signals a strong market for construction firms specializing in high-yield projects. (Sebastian Obando, Construction Dive)
- A growing number of renters are staying in their units for longer periods of time than they did a decade ago with over one-third of U.S. renters have lived in the same apartment for more than five years. (Mary Salmonsen, Multifamily Dive)
- Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate sector that has been shaken by higher-for-longer interest rates and empty office buildings. (Reuters)
- Proptech is working with hotels and other hospitality properties to increase efficiency and reduce costs for owners, operators and consumers. (Philip Russo, Commercial Observer)
- Industry experts say they expect a wave of defaults in the apartment business, intensifying problems across the commercial real estate industry. (Joe Rennison and Julie Creswell, Yahoo)
- GenAI can support property operations, acquisition strategy and portfolio planning in ways that could change how commercial real estate companies do business. (Umar Riaz, EY)
- Remote-work trends are starting to reverse, and that’s forcing some people to sell their homes as 10.1% of people who are likely to move in the next year are doing so because of a return-to-office policy. (Matthew Fox, Yahoo)
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