Miami’s 10 Tallest Office Buildings
Downtown Miami has grown into one of the largest financial districts in the U.S. According to Yardi Matrix data, the top 10 tallest office buildings are in Miami’s Brickell neighborhood.
Specialty REITs Raise Most Capital Year-to-Date
The specialty sector raised $25.9 billion in capital year-to-date through Sept. 29, with communications REITs raising more than 40 percent of that total, according to S&P Global Market Intelligence data.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for August 2017 in New York City.
Higher-Value Assets Outperform Others in Same Country
Using MSCI global real estate dataset, we find evidence that higher-value assets have been more likely to outperform other assets in the same country and sector than lower-priced assets.
Development
Month-over-month, the percentage of industrial properties under construction decreased by 20.2 percent, followed by an 8.1 percent decrease for retail properties.
REIT Values
As of Sept. 1, 2017, the manufactured homes sector led all publicly traded U.S. Equity REIT sectors in terms of the last twelve months funds from operations (LTM FFO) multiple.
Employment Picture
The total number of employed people from August 2016 to August 2017 increased by 1.2 percent, or 1,772 people, while the total number of unemployed people decreased by 8.9 percent, or 709 people.
CMBS Delinquencies
With historic flooding from Hurricane Harvey to Harris County (Houston and its surrounding suburbs) we reviewed the S&P Global Delinquent exposure.
National Vacancies
Year-over-year, vacancy rates for retail markets decreased in almost all the regions, with the largest change coming from the Midwest, from 6 percent to 5.6 percent in the second quarter of 2017.
Industrial Demand
Compared to July 2016, new orders for all manufacturing industries increased by 5.4 percent or approximately $22.6 billion in July 2017.
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