Author: Northspyre

  • How Real Estate Data and Analytics Support Office-to-Apartment Conversions

    How Real Estate Data and Analytics Support Office-to-Apartment Conversions

    In recent years, the trend of converting office buildings into apartments has been growing due to changing work environments, increasing high demand for urban living space, and advancements in technology. Deliveries of residential buildings through  adaptive reuse hit an  all-time high in 2020-2021, outpacing the growth rate of new apartment completions by 10%.   

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  • 3 Major Challenges Facing the Industrial Real Estate Market in 2023

    3 Major Challenges Facing the Industrial Real Estate Market in 2023

    The industrial real estate market has experienced explosive growth in recent years and emerged as a top asset class. Robust demand driven by the e-commerce boom and the need for distribution and logistics centers to support that expansion pushed the sector to new heights of purchasing and leasing activity. But mounting economic uncertainty took the…

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  • 3 Things Developers Need to Know About Multifamily Real Estate in 2023

    3 Things Developers Need to Know About Multifamily Real Estate in 2023

    Staying informed about the multifamily real estate market will be crucial to the success of real estate developers in 2023. Despite ongoing economic uncertainty, market analysts believe the sector will perform well this year, with strong demand driving a 95% occupancy rate and 4% rent growth.

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  • How CRE Developers Can Protect Their Projects From Fraud

    How CRE Developers Can Protect Their Projects From Fraud

    A recent  New York Times article put the spotlight on a significant and insidious problem affecting real estate developers nationwide: construction contractor fraud.

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  • High Interest Rates Hurt Property Values, But Real Estate Development Tools Can Help

    High Interest Rates Hurt Property Values, But Real Estate Development Tools Can Help

    The Federal Reserve raised  interest rates seven times in 2022 to combat inflation that reached a 40-year high. This strategy roiled the  global financial system and upended the U.S. real estate industry, cooling a red-hot housing market, greatly reducing  commercial/multifamily lending volumes, and diminishing  commercial property values across the board.

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  • 3 Metro Commercial Real Estate Markets to Watch in 2023

    3 Metro Commercial Real Estate Markets to Watch in 2023

    After enduring historic turmoil in 2022, the commercial real estate industry has gotten off to a promising start in 2023. Market analysts expect the Federal Reserve to start reversing its recent rate hikes this year. And industry insiders believe the sector can reduce the impact of economic uncertainty by integrating and deploying innovative technology. 

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  • Why Proptech Software is Essential for Real Estate Developers in 2023

    Why Proptech Software is Essential for Real Estate Developers in 2023

    CBRE recently published a dismaying long-term outlook for the commercial real estate market. The organization’s researchers believe record inflation, interest rate hikes, and an impending recession will lower asset values and diminish investment and leasing activity this year. The firm expects all property types will see a 5 to 7% value drop while funding volume…

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  • The Office Real Estate Market is Down, But a Revival is Coming

    The Office Real Estate Market is Down, But a Revival is Coming

    According to Commercial Edge, U.S.  office vacancy rates stood at 16.2% in December 2022, a 1.1% increase from 2021, while national listings rates fell to $38.06, down 3.1%. In the last few years, the once-thriving segment has lost momentum due to evident market circumstances. Most recently, sliding revenues and looming economic uncertainty caused leading technology…

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