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Houston’s “Affordable” Rents Come With a Catch
September’s Smaller CMBS Maturity Wall Carries Bigger Refi Risk
Multifamily Permitting Shifts Toward Smaller, Fast-Growing Markets
General Atlantic Signs 150K-SF Lease at 625 Madison
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Houston’s “Affordable” Rents Come With a Catch
Houston’s “Affordable” Rents Come With a Catch

Lower rents aren’t translating into affordability as renter incomes fall and housing costs rise.

THE TAKEAWAY

September’s Smaller CMBS Maturity Wall Carries Bigger Refi Risk
September’s Smaller CMBS Maturity Wall Carries Bigger Refi Risk

Most September CMBS maturities are still current, but $688M in performing debt is flashing warning signs.

THE TAKEAWAY

Multifamily Permitting Shifts Toward Smaller, Fast-Growing Markets
Multifamily Permitting Shifts Toward Smaller, Fast-Growing Markets

Multifamily development is concentrating in smaller, fast-growing metros, with Durham leading per-capita activity while Columbia and San Jose post the biggest year-over-year gains.

THE TAKEAWAY

General Atlantic Signs 150K-SF Lease at 625 Madison
General Atlantic Signs 150K-SF Lease at 625 Madison

Related lands a major anchor for its Plaza District tower as General Atlantic prepares to move its New York team in 2029.

THE TAKEAWAY

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