Top commercial real estate stories covering trends, financing, and national news within the office, industrial, and retail asset classes.
MBA.org
Ten-X IDs Top ‘Buy,’ ‘Sell’ Markets for Office Investors
The report cites Oakland, Calif., Portland, Ore., Sacramento, Calif., Dallas and Atlanta as five U.S. cities showing the greatest promise as “buy” opportunities for investors of office properties. The Ten-X analysis also identifies Memphis, Tenn., Baltimore, Houston, Fort Worth, Texas and Suburban Maryland as areas where investors may wish to consider selling office assets.
National Real Estate Investor
Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors
According to research firm CoStar, investors covet class-B urban industrial facilities because these facilities are outperforming other industrial assets. With increasing e-commerce sales and customer demand for same-day and next-day delivery, rents at these types of properties rose 10.4 percent nationally in the fourth quarter of 2016 compared to a year earlier, while industrial rents overall rose just 6.4 percent.
Bisnow
Population Density, Central Location Cement Chicago As A Top-Three Data Center Market
When it comes to data center real estate, the Second City is top-notch — or top three in the U.S. for absorption, according to a new report from CBRE. Chicago had a net absorption of 36.2 MW in 2016, shattering 2015’s high of 28 MW and putting Chicago within sniffing distance of Dallas-Fort Worth (37.6 MW) for second place.
Commercial Observer
2017 Midyear Report Manhattan Office Market
Through the first six months of the year, the Manhattan office leasing market was about as predictable as the weather. Despite a 37.8 percent increase in the vacant sublease supply, above-average leasing dropped the Manhattan overall vacancy rate 10 basis points to 9.2 percent through midyear.
Atlanta Business Chronicle
Atlanta Adds Most New Office Space Since 2010, More is on the way
It’s been seven years since developers finished construction on so much new Atlanta office space. That was one of the more remarkable statistics released by Atlanta real estate brokerages, which recently completed their assessments of the local office market in the second quarter.
Colorado Real Estate Journal
Denver Market Offers Support For Retail Opportunities
In 2016, builders delivered 762,000 square feet of retail space. This year construction activity will moderate slightly, with only 714,000 sf of space slated for completion. The northeast and northwest submarkets will receive the bulk of new retail real estate. The majority of new retail space, however, is preleased and will support strong net absorption of 1.2 million sf of new and unutilized space in 2017.
Commercial Property Executive
Tenant demand and strong property fundamentals drive investor interest, with $1.7 billion in multifamily assets already trading in the first quarter. Rents increased 2.9 percent to $1,108 as of May, and Yardi Matrix forecasts a 3.5 percent increase in 2017.
