Michelle Matteson
Yardi Matrix ROY CPN MR
The Most Complete Commercial Real Estate Intelligence Source: Yardi Matrix offers the industry’s most comprehensive market intelligence. Delve into an analysis of current market conditions at both the micro and macro levels.
Employment Picture
The total number employed from July 2016 to July 2017 increased by 1.3 percent, or 2,033 people, while the total number of unemployed decreased by 10 percent, or 826 people.
National Vacancies
Net absorptions for office markets decreased during the second quarter of 2017, compared to the same quarter of 2016, in all regions.
CMBS Delinquencies
The total delinquent balance fell for multifamily ($-38m, $484.1m), lodging (-$134m, $1.2b), office (-$122m, total $5.3b), industrial (-$59m, $1b), and rose for retail ($61m, $5.6b).
Annual vs. Seven-Year Total Return
Over the seven year period, most APAC cities have outperformed the global index.
Development
New development (on a square-foot basis) decreased compared to July 2016 for all property types.
Industrial Demand
New orders decreased compared to 2016 only for Computers and Electronic Products (-0.7 percent), while for the remaining industries, new orders have increased.
Asia Pacific vs. Other Global Markets
The Asia Pacific region has some of the most diverse real estate markets in the world. Alongside more established markets like Australia and Japan, there are a number of more nascent markets with lower transparency, higher barriers to entry and at various stages of development.
Employment Picture
Year-over-year, the largest difference for employment was in the Professional and Related occupations with a rise of 4.6 percent.
CMBS Delinquencies
Delinquencies continued to drop year-over-year as of June 2017, except for the lodging sector, which increased by $1 million.