Why Are Commercial Real Estate Rates Experiencing Year-Over-Year Growth?
Why Are Commercial Real Estate Rates Experiencing Year-Over-Year Growth? Real estate insurance rates have surged by 33% year-over-year, constituting nearly 10% of an owner’s quarterly per-unit operating expenses, as reported by Marcus & Millichap. According to Tom Lynch, Senior Vice President at Jencap, this spike is attributed to the way insurance claims are being litigated … Read more