Americans went all-in on self-storage. That demand is suddenly cooling.
Last year, 245 self-storage construction projects were abandoned, more than double the number from the year before, according to Yardi Matrix.
Source: bostonglobe.com
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CRE Values Expected To Fall 10 percent Further: PGIM Report – Commercial Observer
A new report from PGIM Real Estate concluded that industry-wide asset values fell 8 percent through the first three quarters of 2023.
Source: commercialobserver.com
What Can the Commercial Real Estate Industry Expect in the Next Three Years?
At the recent 2023 ULI Spring Meeting in Toronto, panelists noted that transaction volumes have dropped significantly with the slowing of lending and bank failures.
Source: uli.org