LOS ANGELES — Office rents across the United States and Canada are getting a big lift from the influence of tech job creation, according to CBRE. All of the submarkets tracked in the brokerage giant’s annual Tech-30 report have experienced rental growth over the past two years.
In 13 of those submarkets, asking rental rates have grown by more than 10 percent in the two years tracked between second-quarter 2015 and second-quarter 2017.
On the list of 30 submarkets, office rent growth..
NEW ORLEANS — Many seniors housing developers, owners and operators are already looking forward to the “silver tsunami” of Baby Boomers reaching the proper age to enter seniors housing. However, if current trends continue, many of those seniors won’t be able to afford seniors housing anyway, according to panelists at the LeadingAge Annual Meeting and Expo.
The panel, titled “Understanding the Economics & Financing Structures of Moderately Priced Life Plan Communities,” took..
HOUSTON — The number of American manufacturing jobs has been decreasing for more than a decade, radically enough that the pledge to return them became a cornerstone of President Donald Trump’s campaign.
Between 2004 and 2014, the country lost about 2.1 million manufacturing jobs, according to the U.S. Bureau of Labor Statistics (BLS), which also projects that another 814,000 manufacturing jobs will be cut by 2024.
The decline in manufacturing jobs has coincided with job growth in..
MADISON, N.J. — Although the retail landscape has faced disruption in recent years, nearly half of U.S. adults prefer to make purchases in-store rather than online, according to a new survey conducted by Madison-based Coldwell Banker Commercial Affiliates.
“Despite doomsday headlines about the retail industry and how e-commerce has taken over, our survey has found that Americans still enjoy and remain loyal to in-store shopping, regardless of the retail climate,” says Fred Schmidt,..
TULSA, OKLA. — Sales of net leased properties settled in at nearly $11.4 billion during the third quarter of 2017, up 15 percent over the average for the past five third quarters ($10 billion), according to a recent report from Stan Johnson Company, a national brokerage and advisory firm specializing in net leased assets. The report tracks net leased properties across the office, industrial and retail real estate sectors.
“This was the largest third-quarter move in six years and..
The U.S. economy added 261,000 new jobs in October, its highest monthly total of 2017, according to the latest report from the U.S. Bureau of Labor Statistics (BLS).
The revised numbers suggest that the U.S. economy has recovered well from hurricanes Harvey and Irma, as evidenced by strong growth in the construction and leisure and hospitality sectors. In addition, the overall unemployment rate dropped to 4.1 percent, down 70 basis points from 4.8 percent at the beginning of the..
HOUSTON — As the growth of e-commerce continues, its impacts on logistics and operations within the industrial real estate sector become more significant.
Recent data from supply chain consulting firm Tompkins projects that by 2020, the value of America’s cross-border e-commerce sales will be approximately $486 billion. In addition, the value of cross-border purchases via e-commerce will total about $140 billion.
To meet the e-commerce demand, industrial developers will have to supply..
PHILADELPHIA — Over 240 leading figures in on-campus student housing gathered last week for the 5th annual InterFace On-Campus Housing conference at the Loews Hotel in Philadelphia.
Each year, the conference brings together a cross-section of all the stakeholders in on-campus housing, from academic institutions to developers, owners and vendors.
The first day of the conference, Oct. 24, began with on-campus tours of Drexel University and the University of Pennsylvania, where..
Always on the lookout for new yield-producing products, commercial property investors have turned affordable housing into the latest hot alternative real estate asset. Backed by government subsidies and incentives, affordable housing investments provide the relative safety and income of a high-yield Treasury bond or net-lease investment, which is hard to pass up in the crowded field that has driven up conventional property prices.
“A lot of cash buyers and funds have come into the..
ATLANTA — There are still a lot of question marks in the frontier of e-commerce versus brick-and-mortar retail. But investing in strong anchor tenants and delivering to the needs of the end-user are key to maintaining and developing a successful center, according to panelists at International Council of Shopping Centers’ Southeast Conference & Deal Making event.
The comments were made during the “Capital Markets, Retail Disruption, Rates, Maturities, Bankruptcies, Policy and..