Boston’s office-vacancy rate has increased to a record 14.2% from 6.7% in 2019.
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.
First-time buyers hit a record low share of the homebuying market last year, with only 24% of homebuyers saying they were purchasing a home for the first time — a substantial drop from the 32% who said the same the year prior. Meanwhile, baby boomers were the largest cohort of homebuyers last year, making up 42% of all homebuyers.
Morgan Properties, the country’s largest privately held apartment landlord, has agreed to pay $501 million for 11 multifamily properties across the Midwest, the latest wager that the region’s lack of supply provides fertile ground for rent hikes.