National

Multifamily construction dropped 30% in May, but permits tell a different story.

A calmer credit environment may set the stage for moderate property value gains—even with policy noise in the background.

Cautious optimism is growing, but tight capital and policy risks are keeping CRE on edge.

Despite growing supply, Manhattan rents continue surging, fueled by demand and recent policy shifts.

Occupancy in stabilized Class A apartments hit 95.7% in May 2025—their highest level since June 2022.

These fees typically cost renters 10–15% of annual rent, but landlords are increasing rent to compensate.