HomeRiver Group’s Post

Good morning. Here’s your daily round-up of the latest news and views from EG. 📉 Grosvenor has reported another year of shrinking revenue profit on the back of challenging economic conditions, largely driven by declines in its North American business. The UK property business was the star performer for Grosvenor last year, however, boosted by some £20m of new rent from 176,500 sq ft of developments completed across the UK estate. Net income across the urban estate fell to £239.3m last year, and a £56.7m write-down on the value of the estate and sale of investment properties saw the division slip into the red. The group recorded a pretax loss of £28.6m for the year, down from a profit of £110.4m in 2022. 🌍 For Cushman & Wakefield, leasing activity in the EMEA shone in its first quarter after the region’s leasing revenue growing by a third year-on-year, amid a 5% global increase. Across all divisions, global revenue for the quarter fell by 3% to $2.2bn (£1.7bn). The Americas was the only region in which revenue declined on Q1 last year, down 6%. In EMEA, revenue grew by 8% during the same period. The agency made an overall net loss of $28.8m, narrowing from a $76.4m loss in Q1 2023. Chief executive Michelle M. MacKay said: “We expect that leasing, which is a particular strength of ours, will continue to benefit from global economic resiliency as we move through the cycle." 🛍 And, bucking the declines seen from other businesses this morning, community shopping centre owner Capital & Regional has recorded like-for-like growth in values and rental income, with chief exec Lawrence Hutchings citing solid occupier demand among the key drivers. Revenue grew to £59m in the year ending December 2023, from £56.8m in the previous year, while net rental income rose by 5% to £23.9m. Like-for-like valuations were up by 2.6% over 2023. ⬇ All this and much more in EG's latest update ⬇

Similar to the other post around in-office occupancy, Q2 lease volume reached the highest quarterly total since the onset of the pandemic, with 50.2 million s.f. of transaction activity, up 15% quarter-over-quarter (QoQ) and up 7% year-over-year (YoY). Q2 totals reflect nearly 90% of pre-pandemic norms. A major factor in the recovery in leasing activity has been a growing volume of larger transactions above 100,000 s.f. - The number of large leases per quarter has grown consistently since the beginning of 2023 and in Q2 reached the highest level since mid-2022, nearly double the activity in early 2023. Given the pipeline of transactions we are seeing, especially in the southeast, I would except the next report to be several bps higher

Experts Weigh In on Latest Net Lease Trends

Although moving at a historically fast pace, the 2024-2025 #StudentHousing leasing season is starting to look more like last year, notes the latest #YardiMatrix national report.   Get the full data: https://lnkd.in/gq9VdJQA   #HousingMarket #HousingMarketForecast #HousingMarketUpdates #RealEstate #RealEstateData #RealEstateMarketUpdate #RealEstateForecast #RealEstateExperts

Our latest on the state of the U.S. Student Housing sector.. #housingmarket #housingmarketforecast #realestate #studenthousing #realestatemarketupdate #realestateforecast #realestateexperts

Experts Weigh In on Latest Net Lease Trends

Focus on increasing rents during resident renewals to drive net operating income. It's crucial to get leasing agents to secure higher market renewal rates. #PropertyManagement #NetOperatingIncome #LeasingAgents #RealEstateInvesting #RentalProperty

Market Risks for Commercial Tenants: I recently met with a prospect to discuss representing him on a lease renewal. He was skeptical about how I could add value to the low-priced renewal option he had negotiated himself a few years ago. Read more about how this transaction played out here. https://bit.ly/3W0Qi2k

Looking for the latest in commercial real estate? Explore #SVN's latest #EconomicUpdate, packed with insights on #CRE loans and prices, retail and office trends, interest rate forecasts, and more. Read the full report 🔗 https://lnkd.in/e7AfE85Z