April Archives - VRJ Properties

NYC Office Demand Drops 22% in April

NYC office demand has decreased 22% since March, equivalent to 3 million square feet, but it is still above the 2021-2023 monthly average, according to the latest data from VTS. Small tenants (<10k square feet) have shown positive momentum, while the tech and…

CMBS Delinquencies Surge in April, Led by Office

The Trepp CMBS Delinquency rate surged in April 2024 after posting a slight decline in March. Overall, the delinquency rate increased 40 basis points to 5.07% for the highest level since September 2021, when the rate was 5.35%. The increase was…

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