As office vacancies hit historic highs and property values continue to decline, developers are increasingly transforming underutilized office buildings into much-needed residential spaces. The big picture This trend addresses two pressing issues simultaneously: the record-high national office vacancy rate, which reached 19.2% in Q3 2024, and the housing shortage, which demands an additional 3.8 million…

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Billions Raised, but Unspent Real estate funds that amassed significant capital post-pandemic in anticipation of distressed opportunities are finding fewer deals than expected. According to MSCI, the total value of distressed properties nationwide reached only $102.6 billion in Q3, falling short of the anticipated wave of distressed sales. Instead of foreclosures or asset sales, banks…

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Prepare for Impact When commercial mortgage rates reset on your property, it can have a significant impact on that property’s ongoing performance. It’s never too early to prepare for the adjustment and plan proactive countermeasures. Commercial mortgage rates are often fixed for a period, typically five to 10 years, after which they reset to a…

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