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Real Estate & Construction News Roundup (2/26/25) – Uncertainty for Renters, a Record-High Hotel Project Pipeline and Hybrid Hopes for Office Leasing

March 18, 2025 — Pillsbury's Construction & Real Estate Law Team - Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, hybrid work creates hope for the office sector, Texas lawmakers ease office-to-residential conversations, service-based tenants are expected to lease more retail space, and more!

While demand is expected to remain strong, policy uncertainty and interest rates could pose problems in the coming year for renters. (Mary Salmonsen, Multifamily Dive)
As closures accelerate, service-based tenants are expected to lease more retail space in the coming year than goods-based tenants. (Nate Delesline III, Retail Dive)
The U.S. continues to lead for hotel project counts by country, with a record 6,378 projects in the pipeline at year-end. (Noelle Mateer, Hotel Dive)

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Reprinted courtesy of Pillsbury's Construction & Real Estate Law Team