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May Apartment Occupancy Holds as Rent Recovery Stalls
CRE Prices Show Modest Recovery as Market Faces New Headwinds
Delinquencies Tick Up Across the Board in Q125
Office Space Shrinks as Conversions Outpace Construction for the First Time in Decades
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

May Apartment Occupancy Holds as Rent Recovery Stalls

Apartment demand stayed solid in May, but rent growth is losing steam—especially in the South.

THE TAKEAWAY

CRE Prices Show Modest Recovery as Market Faces New Headwinds

CRE prices are rising slowly, but stalled rate cuts and new tariffs are shifting investor focus and market dynamics.

THE TAKEAWAY

Delinquencies Tick Up Across the Board in Q125

While most saw only modest upticks, the CMBS sector experienced the sharpest rise, climbing 64 bps to 6.42%.

THE TAKEAWAY

Office Space Shrinks as Conversions Outpace Construction for the First Time in Decades

CBRE says 23 MSF of office space will be removed in 2025—nearly double what’s being built. A pivotal year for US office real estate.

THE TAKEAWAY

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