Brookfield raised $5.9 billion for its new real-estate fund in the first quarter, signaling growing investor appetite for distressed commercial property. Brookfield is taking advantage of the sharp drop in property prices, buying foreclosed properties and relatively healthy ones where sellers want to cash out. The fund has invested about a quarter of its money, mostly in apartment buildings and warehouses, at prices well below replacement cost.
Boston’s office-vacancy rate has increased to a record 14.2% from 6.7% in 2019.
Office demand in New York is back at pre-pandemic levels, with 7.9 million square feet of office space in Manhattan leased in Q1.
Homeowner insurance premiums increased about 33% on average from 2020 to 2023. The more likely a home is considered to have a higher disaster risk, the more those homeowners pay — about $500 more per year in 2023 than those who don’t live in a place considered a high-risk disaster area.
Office utilization in River North is about 48% of its 2019 level. That compares with an average of 55% in Chicago’s central business district and 62% nationally.
The costs associated with owning a Florida condo have exploded. A combination of insurance increases, special assessments and limited financing options have elevated costs and sparked a wave of sales, flooding the market and straining prices. Condo prices in the state of Florida overall have fallen between 1% and 6% each month annually since July 2024.
In the U.S., the richest 10% have 36.3% of their total assets in stocks and mutual funds, with real-estate comprising 18.7% of their total assets.
In the first quarter of 2025, businesses leased about 115 million square feet of office space, a 13% increase from the fourth quarter of 2024 and the most since the middle of 2019.
Americans have amassed $35 trillion of wealth in their homes. Home equity has climbed nearly 80% since early 2020—up from $19.5 trillion—thanks to a turbocharged rise in house prices. That was about twice the rise in financial wealth including stocks and bonds as of the end of 2024.