Real Estate & Construction News Roundup (10/1/24) – Hybrid Work Technologies in Construction, AI in Construction, and the Market for Office Buildings
In our latest roundup, commercial mortgage bond market in trouble, commercial real estate investments, pressure on mortgage REITs, and more!
- Short-term issues facing U.S. commercial real estate have made it an investment opportunity and values have bottomed out. CNBC)
- As companies report plans to shake-up their real estate portfolios the flight to quality is causing interest in space planning and amenities, as well as hybrid work technologies. Joe Burns, Facilities Digest)
- In recent years, the conversation about AI’s benefits and risks was a common refrain. Matthew Thibault, Construction Dive
- More that a quarter (26%) of homeowners say they are not financially ready to deal with the costs if extreme weather damages a home. Mary Cunningham, CBS
- The commercial bond market is in serious difficulty with office-backed loan defaults across major U.S. Cities. Mortgage REITs have been the hardest hit by the Fed rate hikes, aside from potential homebuyers. Eric McConnell, Yahoo
- High borrowing costs have crushed the market for office buildings. The market was already struggling with higher vacancy rates due to remote-work policies. (Katy O’Donnell, Politico)
