REBusinessOnline

Fort Worth Industrial Market Gaining Ground on Big Brother Dallas

Any commuter who takes Interstate 35 on a regular basis can tell that the Fort Worth industrial market is continuously growing. But the question is, how much longer will the growth last? [caption id="attachment_204854" align="alignright" width="100"] Sarah LanCarte, Fort Capital[/caption] Numerous signs point to the metro’s industrial market having considerably more runway for new development, as well as key factors in place to maintain strong positive absorption of existing industrial …

Des Moines Industrial Sector Can Compete With Other Tech-Centric Markets

When hearing the names Apple, Microsoft, Google and Facebook, one’s mind might automatically shift to the Silicon Valley: the West Coast mecca of technology and computing. But you can find those same companies in the corn and soybean fields of Iowa. The state has become synonymous with state-of-the-art data centers for these familiar technology companies and others. [caption id="attachment_204667" align="alignright" width="100"] Chris Pendroy, CBRE|Hubbell Commercial[/caption] When I …

Reno Multifamily Rent Growth Among Nation’s Highest as Vacancy Remains Low

Reno’s proximity to the Bay Area is supporting an economy beyond the gaming industry. The area’s lower cost of living is also attractive for Bay Area transplants attempting to further stretch their income. Tesla is the most notable utilizer of the metro’s favorable location and business-friendly environment. [caption id="attachment_204715" align="alignright" width="100"] Ken Blomsterberg, Marcus & Millichap[/caption] The company pulled 112 permits last year to build out internal …

Miami Industrial Market’s Future Hinges on Infill, Single-User Properties

After several years of strong absorption in leasing and robust sales volume, there’s no question that Miami’s industrial real estate market is the desired location for national tenants and institutional investors alike. But many insiders are questioning if sustaining that level of growth is possible and if there are still profitable transactions to be found. The answer is a resounding yes. There is little indication that the Miami industrial real estate market will slow down with vacancy …

University Submarket Emerging as Retail Hotspot in Fort Worth

For the last several years, Fort Worth’s retail market has posted a vacancy rate of 5 to 6 percent, suggesting that absorption is strong yet new construction is still permissible. [caption id="attachment_204848" align="alignright" width="100"] Chris Corbin, Venture Commercial Real Estate[/caption] However, there is a difference between Fort Worth’s vacancy rate and that of comparably sized markets wherein 95 percent of the retail space is occupied. In Fort Worth, occupancy is evenly …

New Chicago Office Markets Shape Perception of the City

It’s an exciting time to be part of the action in Chicago’s real estate market. While Illinois remains an “outflow” state, construction cranes dot the Chicago skyline and the city’s inflow numbers remain positive. Large employers are considering Chicago for campus-like headquarters operations and exciting markets are continuing to grow.[caption id="attachment_204662" align="alignright" width="100"] Kimberlyn de Buhr, Transwestern[/caption] In particular, west side blight continues …

E-Commerce, Advanced Manufacturing Attract Capital to Reno

Industrial sales and leasing in the Reno-Sparks area remains one of the best performing sectors in the marketplace, just as it did in 2017. With a record vacancy percentage below 4 percent, combined with new buildings being occupied upon completion, the strong demand for new and existing industrial product is a welcome normality from previous years. [caption id="attachment_204710" align="alignright" width="100"] Joel Fountain, Dickson Commercial Group[/caption] The North Valley’s …

Miami-Dade County’s Office Market Fueled by Solid Local Economic Fundamentals

Driven by population and job growth, Miami-Dade County is one of the strongest and most sought-after commercial real estate markets in the Southeast. As of February 2018, the county’s unemployment rate stood at 4.7 percent, which, while only a 10-basis point decline from the rate in February 2017, represents continued positive movement. The metro’s economic stability and growing employment base are significant factors when analyzing the tightening office market. Miami-Dade County ended …

Retailers That Cater to Single-Family Homes Find Success in Rio Grande Valley

As the number of jobs and people in the Rio Grande Valley (RGV) grows, the region’s retail market holds steady. Historically, vacancy in this market tends to hover between 5 and 7 percent. So the current retail vacancy rate in the McAllen-Edinburg-Mission MSA, which according to CoStar Group is 4.5 percent, represents a couple different trends. First, the vacancy figure illustrates positive absorption of newly constructed retail space. In 2016 and 2017, the market added about 770,000 and …

Deconversions, Adaptive Reuse Drive Chicago Multifamily Investment

Resilience in the Chicago apartment market amid a historic construction boom is creating opportunities for multifamily investors, particularly those who are willing to go the extra mile — sometimes literally — to capitalize on rent growth outside the downtown core.[caption id="attachment_204657" align="alignright" width="100"] David Goss, Interra Realty[/caption] Across the city in outlying neighborhoods like Uptown, Rogers Park and Pilsen, value is being discovered in vintage buildings …