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Houston Office Vacancy Holds at 25.6% as Leasing Slumps to a Post-2009 Low

Blackstone’s $1.3B Apartment CMBS Loan Hits Special Servicing

Brooklyn Apartment Leasing Hits Its Strongest September Since 2020

JLL Says Construction Costs Will Keep Climbing 3% to 6% a Year Through 2027

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Houston Office Vacancy Holds at 25.6% as Leasing Slumps to a Post-2009 Low

Houston’s office market is splitting, with tenants crowding into Class A towers as overall leasing keeps sliding.

THE TAKEAWAY

Blackstone’s $1.3B Apartment CMBS Loan Hits Special Servicing

Sun Belt apartment distress is now reaching the biggest owners, not just the small syndicators.

THE TAKEAWAY

Brooklyn Apartment Leasing Hits Its Strongest September Since 2020

Renters are crossing the river as a tight Manhattan pushes apartment demand into Brooklyn.

THE TAKEAWAY

JLL Says Construction Costs Will Keep Climbing 3% to 6% a Year Through 2027

The era of predictable, cheap building is gone, and the new math reshapes every pro forma.

THE TAKEAWAY

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