Multifamily rents drop in September 2024

Survey respondents are targeting smaller acquisitions, at a time when market cap rates are narrowing for different product types.

Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. The figure is a step back but still significantly higher than one year ago.

The report looks at global threats and opportunities, and how CRE firms are managing their expectations for growth.

Business conditions softening most in Midwest in recent months.

A new CBRE survey finds more companies leaning toward “smarter” workspaces. 

Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Spending increased in January in 10 of 16 nonresidential construction sectors.

This year’s report shows that spending in 2015 reached the highest level since the Great Recession. Total spending on U.S. construction grew 10.5% to $1.1 trillion, the largest year-over-year gain since 2007. 

Its latest report cautions about ongoing cost increases related to finding skilled laborers.