Retail space rents fall by 0.3%, vacancy rate rises to 7.6%: URA

April 29, 2023

RETAIL rents fell by 0.3 per cent in the first quarter of 2023, a smaller dip compared to the 1.1 per cent decrease in Q4 2022, data released by the Urban Redevelopment Authority (URA) showed.

Written by: sherwin@eyeconz.com

Real Estate News April 29, 2023

Rating agencies put China’s Wanda Commercial on negative watch

RATING agencies Fitch and S&P have put China’s Dalian Wanda Commercial Management Group on negative watch, on concern that the Hong Kong listing of its unit may damage the group’s financial profile.

Swedish home construction set to plummet this year, Nordea says

SWEDISH home construction is likely to plummet in the wake of falling housing prices, weighing heavily on the Nordic country’s economy, Nordea Bank Abp said in an outlook report.

Real Estate News May 9, 2023

New York’s smallest businesses face big rental hikes

THREE years after the pandemic flattened the Manhattan office market and the commercial ecosystem that depended on it, small businesses in the other boroughs are facing the biggest rent increases in the city. The burden is landing mostly on store owners in predominantly Black, Latino and Asian neighbourhoods, according to a new analysis of Department [...]

Since most property valuation is derived by a neighbourhood of reasons, we felt that there are no better ways of informing our clients than making sense of current affairs. We advise buyers and sellers throughout your real estate purchase or sale process, ideally looking out for you. Contact Us!

Retail space rents fall by 0.3%, vacancy rate rises to 7.6%: URA

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Swedish home construction set to plummet this year, Nordea says

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Since most property valuation is derived by a neighbourhood of reasons, we felt that there are no better ways of informing our clients than making sense of current affairs. We advise buyers and sellers throughout your real estate purchase or sale process, ideally looking out for you. Contact Us!