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According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Office properties sold at an average of $179 per square foot, down 9% from the average sale price last year, though that marks a slowdown from the 24% drop from 2022 to 2023.
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Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
CBRE Group, Inc. (an initialism of Coldwell Banker Richard Ellis) is an American commercial real estate services and investment firm. [2] It is the world's largest commercial real estate services and investment firm (based on 2022 revenue). [3] [4] [5]
In February 2011, the company acquired Gravitas Real Estate Resources. [4] In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group. [5] In August 2013, the company represented Bechtel in negotiating a 565,916 square foot lease renewal and expansion in Houston, Texas. [6]
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