Capital Continues to Flow to the City of Fountains

Private capital delivered several new investors to Kansas City in 2019 and the new year will undoubtedly see plenty of competitive bidding and elevated pricing. Overall, the investment market continues to be supported by Kansas City’s diversified economy, with job growth weighted on the Kansas side at 2.7 percent over Missouri’s 1.1 percent (as of August 2019). Targeting talent Kansas City’s low cost of living, educated workforce and business-friendly environment attracted several …

January 23, 2020Market Reports, Midwest, Midwest Market Reports, Missouri, Multifamily

New Tenants, Developments Signal Strength of Kansas City Industrial Market

The Kansas City industrial real estate market recorded very healthy maturation in 2019. When surveying the strength of our market, we typically consider how many new tenants or users entered the market with major investments and how many development deals were announced. Diving into the analytics, it is exciting to see some disciplined characteristics of a solid industrial market, including a slight slowdown in the pace of market expansion, a diverse group of business types demanding space, …

January 16, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Dynamic St. Louis Multifamily Real Estate Market Is on a Roll

The greater St. Louis metropolitan statistical area (MSA) includes the city of St. Louis, St. Louis County, Franklin, Jefferson, Lincoln, Warren and St. Charles County, as well as various counties in Illinois collectively known as the Metro East. The MSA ranks as the 21st largest in the country with a population of approximately 2.8 million residents and features many Fortune 500 and Fortune 1000 companies. St. Louis has a very diverse economy with the largest categories of employment base in …

January 9, 2020Market Reports, Midwest, Midwest Market Reports, Missouri, Multifamily

Milwaukee Market Experiences Development Boom Across Neighborhoods

Milwaukee has experienced development at an unbelievable rate, and within the past couple of years there has truly been a downtown renaissance worth bearing witness. The city has done an excellent job of creating value, attracting jobs and spurring development that has led to unprecedented economic and social revitalization. With both local and national headlines praising Foxconn, Amazon, Northwestern Mutual and the Milwaukee Bucks, it is no wonder things have changed. While Milwaukee continues …

November 28, 2019Market Reports, Midwest, Midwest Market Reports, Retail, Wisconsin

Strong Mix of Fortune 500 Companies Helps Fuel Growth of Twin Cities

Even in the context of a sustained stretch of national economic growth and a Midwest region where there are plenty of high-performing markets, Minneapolis-St. Paul stands out. The commercial real estate market in and around the Twin Cities is thriving, in large part due to some impressive structural fundamentals. Metrics and measurables The state of Minnesota — especially the Minneapolis-St. Paul metro area — has a very diverse base of employment, with a long list of significant Fortune …

November 21, 2019Market Reports, Midwest, Midwest Market Reports, Minnesota, Office

Retailers on the Rise in Grand Rapids Market

It’s no secret that Grand Rapids is one of the fastest growing cities in the United States. Grand Rapids and its surrounding suburbs led much of Michigan’s population growth last year and have been continuously recognized by national surveys. Two studies conducted by WalletHub in late 2018 and early 2019 ranked Grand Rapids in the top 10 percent of cities analyzed as having one of the fastest growing economies and also ranked it in the top 30 percent of markets studied as being one of the …

November 14, 2019Market Reports, Michigan, Midwest, Midwest Market Reports, Retail

Why Invest in Grand Rapids: Lifestyle, Job Market and Affordability

While most national investors and developers focus on larger Sun Belt and coastal markets such as Austin, Atlanta, Nashville and Phoenix, Time Equities has had great success investing in Grand Rapids and continues to believe strongly in the future potential of the area. As an opportunistic company, we often go where others do not, looking for markets and assets with strong risk-adjusted returns. Grand Rapids provides such an opportunity. The small city has been ascendant for the past decade …

November 7, 2019Market Reports, Michigan, Midwest, Midwest Market Reports, Mixed-Use

New Construction, Mixed-Use Drive Columbus Office Market Activity

As a whole, commercial real estate in Columbus has experienced high levels of activity in recent years, and the office market has been no exception. The amount of new office space hitting the market has kept vacancy and average rental rates relatively flat, pacing the economic growth of the region. The vacancy rate has hovered around 6 to 7 percent, and the average rental rates are around $18 to $19 per square foot on a gross basis. Developers in the region are anticipating continued growth, …

October 24, 2019Market Reports, Midwest, Midwest Market Reports, Office, Ohio

Chicago CBD Office Market in the Groove, Even Property Taxes Unlikely to Bring It Down

Despite recent concerns of an imminent market correction, the Chicago central business district (CBD) still has room to run. There are many signs of optimism in the market, including continued healthy fundamentals and a wealth of redevelopment projects injecting new life and vibrancy into various submarkets. In the second quarter, downtown Chicago wrapped up its busiest quarter for office leasing since 2016. Additionally, the downtown office vacancy rate of 11.6 percent was the lowest it had …

October 17, 2019Illinois, Market Reports, Midwest, Midwest Market Reports, Office

Investors Should Take a Second Look at Opportunities in Chicagoland Multifamily

Chicago real estate has been the subject of considerable pessimism from local and national investors due to a variety of factors. Much of this can be blamed on our unfunded pension liability, which is expected to significantly increase real estate taxes across the area in the coming years. Many institutional multifamily investors claim that their data says to avoid Chicago. Instead, they seek multifamily properties at far lower returns and cap rates in places such as Nashville, Austin and …

October 10, 2019Illinois, Market Reports, Midwest, Midwest Market Reports, Multifamily