National Vacancies
Vacancy rates for office markets are expected to decrease by 2.7 percent in the Midwest and remain almost the same as in the first quarter of this year for the other regions.
CMBS Delinquencies
Retail properties had the largest decline, at $932 million, while office decreased by $805 million.
Investment Off to Slow Start in 2017
Following a strong $133.8 billion in transaction volume in the fourth quarter of 2016, investment activity tapered off in the first quarter of this year, hitting $93.6 billion as of March 31, according to Real Capital Analytics data.
Office Sector Offers Opportunity in Q2
Robust job growth bodes well for office properties, despite uncertainty about the current cycle and future political and economic policy.
Record-Breaking Year for DC Multifamily
The capital is experiencing strong fundamentals, including robust employment, healthy population gains and cycle-high rental rates, per-unit prices and median home values.
Tourism Sparks Orlando’s Boom
The metro’s multifamily market is expanding rapidly as a result of its strengthening economic fundamentals. Investor demand is robust, with more than $2 billion in properties changing hands during each of the past two years.
Investors Cash Chips in Las Vegas
Apartment construction slowed in 2016 to 2,000 new units, likely because of oversupply of single-family home rentals. But development looks promising, with more than 4,500 units under construction, according to Yardi Matrix.
Delinquency Rate Rises in April
The delinquency rate has been increasing since the fourth quarter of 2016, when it was 5.9 percent, to 7.8 percent as of April, according to S&P Global data.
Philadelphia’s Apartment Revival
With developers ramping up construction, multifamily demand remains strong, as the city continues to attract both Millennials and Baby Boomers looking to downsize.
You must be logged in to post a comment.