Sun Belt Markets That Led Rent Growth Last Year Now See the Fastest Decline Looking at the sequential quarter-over-quarter rent change by market, the sudden change of fortune in Sun Belt locations stands out. The bottom six markets on the list, Orlando, Austin, Las Vegas, Nashville, Raleigh and Phoenix, had all been growth leaders at […]
First Remote Working. Now a Looming Recession. What’s Next for Troubled Office Buildings?
Although Current Distress Levels Are Low, Office Properties Backed by Nonperforming CMBS Loans May Signal Potential Defaults The office sector is still reeling from the popularity of remote work, which means it will likely be more affected than other property types if a recession were to hit. (Getty Images) By Nancy MuscatelloCoStar Advisory Services October 7, […]
Hotelier Sentiments Mixed Around Recovery of Business Travel
STR, Tourism Economics Upgrade Projections for Average Daily Rate By Dana Miller, Robert McCune and Terence BakerHotel News NowAugust 12, 2022 | 6:13 A.M. NASHVILLE, Tennessee — The strength of leisure demand and the return of group demand has been top of mind for hotel executives and analysts during the first day of the Hotel Data Conference. However, the […]