Rent Magazine Contributor

In a groundbreaking development for both the retail and commercial real estate industries, Riverton Mall, a well-established retail giant, has signed an unprecedented 25-year lease for a remarkable 150,000 square feet of prime downtown space in the heart of Chicago’s Loop. This lease, which stands as one of the largest and most significant deals in...

Mortgage rates in the U.K. have surged to their highest level in 15 years, deepening concerns for homeowners already struggling with rising borrowing costs. According to data from Moneyfacts, the average rate on a two-year fixed mortgage deal now stands at 6.66%, a modest increase from the previous day. This is the highest level since...

Introduction of New Tax Legislation for Commercial Property Owners On July 5, 2023, a new tax law aimed at boosting long-term investments in commercial real estate was passed in Washington, D.C. This legislation has been touted as a major win for property owners, landlords, and real estate investors across the country. The bill, which comes...

The Aggie Real Estate Network Conference, held in Austin, Texas, in July 2023, brought together a diverse group of real estate professionals, Texas A&M University alumni, and industry veterans for a unique opportunity to build lasting connections and exchange knowledge. This event highlighted the importance of alumni networks and their profound impact on personal and...

Overview On June 3, 2023, Realtor.com launched its new AI-powered “Smart Listings” feature designed to revolutionize the home-selling process. This advanced tool used artificial intelligence (AI) to help sellers optimize their listings by automatically adjusting property descriptions, recommending optimal pricing, and suggesting the best time to list a property based on local market trends. It...

As of July 1, 2023, a report from the National Association of Realtors (NAR) reveals that the suburban housing market is continuing to experience rapid growth, fueled by the ongoing trend of remote work and the increasing desire for more space. Key players in this transformation include remote workers, homebuyers, real estate agents, and developers,...

The U.S. homeownership rate remained steady at 65.7% in the second quarter of 2023, unchanged from the previous quarter. This stability suggests that despite ongoing challenges such as rising mortgage rates and home prices, many Americans are still determined to pursue homeownership. However, affordability remains a significant concern, with limited housing inventory and increasing costs...

The commercial real estate market has seen significant shifts in recent years, especially in response to the lasting effects of the COVID-19 pandemic. One of the most notable changes is the growing demand for flexible office spaces, or “flex space.” As businesses evolve and embrace hybrid work models, the need for adaptable office environments has...

The prestigious European Property Awards ceremony took place on June 27, 2023, at the London Marriott Hotel Grosvenor Square, where the best in the property industry across Europe were celebrated. This grand event, known for recognizing excellence in the sector, brought together professionals from residential, commercial, and mixed-use developments. Among the notable winners was Lavanda...

In June 2023, mortgage rates remained largely unchanged, with the average 30-year fixed-rate mortgage staying just below 7%. This marked June as the least volatile month in over a year, reflecting indecision in the bond market amid continued economic uncertainties. The relative stability in rates offered a bit of relief to prospective homebuyers and refinancers,...