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06 Jul
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RISING STAR
NYC CRE Market Rebounds as Investor Confidence Fuels 63% Spike in Sales
Manhattan’s commercial real estate (CRE) market is seeing a strong rebound, with Q3 sales hitting $3.2B, more than doubling from the previous year.
THE TAKEAWAY
Industrial Construction Nosedives as Vacancy Rates Surge
Industrial real estate construction plunged 43% in Q3 2024, marking the sharpest annual drop since 2008, while vacancy rates continue to rise.
THE TAKEAWAY
Blackstone’s Jonathan Gray Sees CRE Recovery, but Office Struggles Ahead
Blackstone’s Jonathan Gray predicts a surge in M&A as rising property valuations fuel new acquisition opportunities.
THE TAKEAWAY
Distressed Sales Signal Turnaround for Office Market
The US office property market is showing signs of stabilization—and a potential bottom—with more and more distressed sales at steeply discounted prices.
THE TAKEAWAY
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