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Category Archives: Market Trends
Commercial Real Estate Market Trends
Hunker down and play defense, or try to play offense and look for opportunity. That means understanding what your strategy is and what’s your competition.Those who can control their expenses will survive through a recession. And not only will they survive, they will come out stronger and essentially your field of competitors will shrink in a recession
eXp World Holdings Reports Q4 and Full-Year 2022 Results. 2022 Revenue of $4.6 Billion, up 22% Year Over Year. Moving forward, eXp’s profitable North American Realty segment will enable us to continue investing in the eXp platform to accelerate agent success and drive long-term, profitable growth.
Applegrad pays $31M for Schaumburg apartments Seller paid $47M for a 396-unit property in 2014. Sam “Simcha” Applegrad picked up an apartment complex in the northwest Chicago suburbs for $31 million, adding to the streak of multifamily trades in the area as deal volume for other commercial real estate assets dives while rising interest rates wedge pricing gaps between buyers and sellers.
Rising interest rates and the proliferation of build-to-rent contributed to a decrease in the average size of U.S. apartment units in 2022 as developers chased yield after two years of pandemic-driven upticks.
A growing number of large brokerage firms have implemented cost-cutting measures following a steep decline in transactions and capital market activity in the latter half of 2022.