Commercial Real Estate National News Roundup For July 27, 2015
Seniors, minorities and millenials push multifamily growth, industrial markets looking very healthy, more companies are moving their headquarters to urban centers, Class B housing on the rise for working class families and more. It’s all here at the Commercial Real Estate National News Roundup for July 27, 2015.
- Economy Watch: Does the Fed Foresee a CRE Bubble?, Commercial Property Executive, July 21, 2015 – Fed reports to Congress that underwriting standards for commercial deals are slipping. A precursor to finally raising the cost of money?
- A Millennial’s Perspective on Commercial Real Estate, National Real Estate Investor, July 21, 2015 – As 20- and 30-somethings join the CRE professional ranks, expect an uptick in information available online and a greater dependence on technology.
- Economy Watch: 3 Economic Trends Affecting CRE, Commercial Property Executive, July 20, 2015 – Residential and multi-family starts up considerably since last year which should mean the need for more retail and office properties.
- Suburb-to-City Migration Here to Stay, GlobeSt.com, July 23, 2015 – Companies who want to stay competitive with a younger urban workforce are abandoning their corporate campuses in the sticks for new downtown digs.
- Support-services Provider Citco Will Take on WeWork with its New Co-working Space, Crain’s, July 22, 2015 – Global financial companies now have access to co-working space in New York City via one of their trusted service providers.
- Class B Miramar Office Triples Value in 30 Months, GlobeSt.com, July 22, 2015 – One Florida market being driven mainly by investors seeking a haven for 1031 exchange proceeds.
- This Deal Shows Atlanta’s Industrial Health, GlobeSt.com, July 23, 2015 – 82% of industrial property under construction is over 500K SF, which is double the pre-recession average.
- Speed Lands Rare Big Box Industrial, GlobeSt.com, July 21, 2015 – To snag prime space in this tight submarket, lessees must act quickly, negotiate and be able to take occupancy quickly.
- US Industrials Ready for Another Record, GlobeSt.com, July 20, 2015 – Based on a survey of 60 markets, average vacancy rate is 7.3% which is lower than pre-recession rates.
- Why Street Stores Still Matter in the Age of Online Shopping, Commercial Observer, July 23, 2015 – A conference in local retail claims shopping is still an “emotional experience”, brick and mortar still best way to get products from retailers to consumers.
- Urbanization Is Retail Development’s Main Driver, National Real Estate Investor, July 23, 2015 – Expansion into densely populated existing nontraditional urban space is creating some very interesting retail experiences.
- How Retail Leasing is Changing, GlobeSt.com, July 21, 2015 – An extremely competitive market means retailers need to be more aggressive, creative and open to more non-prototypical locations and layouts.
- TruAmerica Expands in the Pacific Northwest, Commercial Property Executive, July 23, 2015 – Focus on creating Class B housing for working-class families who are being priced out of Seattle and Portland.
- Urban Institute Predicts Rental Surge Among Millennials, Minorities, Seniors, National Real Estate Investor, July 21, 2015 – Steadily increasing rental interest over the next 10 years for apartments and condos is expected.
- Multifamily Construction Surge Drives U.S. Housing Starts in June, World Property Journal, July 20, 2015 – Millenials continue to push starts in the multifamily markets.