Fresh 7/1: U.S. RevPAR, FVR Update, Office & Industrial Rpts (+CRE Services)

Research evidence excerpt

Fresh 7/1: U.S. RevPAR, FVR Update, Office & Industrial Rpts (+CRE Services)

July 1, 2026

Wolfe Real Estate Takeaways: RevPAR has remained strong in 2Q, with growth amplified over the past two weeks

from the World Cup. Our weekly tracker estimates that all companies have RevPAR growth >5% at this point through

week ended 6/20.

B. Key News

CRE Services

JLL completes sale of Northwest Spur Industrial Park in Houston- JLL

JLL announced the sale of Northwest Spur Industrial Park, a six-building, 1,010,912-square-foot industrial portfolio in

Houston, Texas. JLL represented the seller in the transaction. High Street Logistics Properties acquired the asset.

Wolfe Real Estate Takeaways: We note that transactions are constructive for our CRE Services coverage.

Industrial

Baltimore Industrial Figures Q2 2026- CBRE (FR market)

Vacancy remained steady QoQ at ~8.7%, with net absorption of ~288K sf and asking rents up ~1% QoQ.

Columbus Industrial Market Report | 2026 Q2- CIGI (LXP market)

Vacancy remained steady QoQ at ~5.0%, with net absorption of ~3.3M sf and asking rents up ~2% QoQ.

Wolfe Real Estate Takeaways: Early markets reports are positive with both showing steady vacancy, positive

absorption, and asking rents up QoQ.

General Mills Reports Fiscal 2026 Fourth-quarter Adjusted Results in Line with Company Expectations - Press Release

General Mills reported a net sales decline of ~1% and ~flat organic sales. For the full year, net sales was down ~5%

which includes a ~6% drag from divestitures while on an organic basis net sales was down ~2% which the company

attributed to a weaker consumer. Guidance for fiscal 2027 is initiated at y/y net sales of -1.5% to +0.5%.

On volumes, fiscal 4Q26 saw better performance internationally (+1%) while North American pressures continue with