Research Center
2017 Leading Real Estate Law Firms
As the real estate industry continues to adapt to new regulations impacting its business, legal counsel is becoming increasingly vital when completing transactions.
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).
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for July 2017 in New York City.
Investment
The average price per square foot for all property types came to $207,000 in the second quarter of 2017, with CBD Office commanding the highest value at $397,000.
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.
REIT Results
Condor Hospitality Trust, Inc., a Hotel REIT, recorded a 398 percent SNL AFFO payout ratio estimate, the highest among US REITs.