Economy

News

Coworking Slowly Gains Foothold

Lisa Brown | August 16, 2018

While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.

Big Box Developers Having a Great Year

Brian J. Rogal | August 16, 2018

Activity has been healthy across the board, with the exception of the I-80 submarket.

Bay Area Companies Fuel Seattle's Growth

Lisa Brown | August 16, 2018

With a rate of 63.1%, Seattle has the most educated workforce in North America of residents older than 25 holding a bachelor’s degree or higher and ranks second for tech talent only behind the Bay Area.

News

NYC Launches Soundview Ferry Service Route; Lower East Side Route to Debut Aug. 29

John Jordan | August 15, 2018

The new ferry route begins in the Soundview section of the Bronx and makes stops at the new East 90th Street landing, East 34th Street landing and ends at Pier 11/Wall Street.

News

Transit Center Ticks All Boxes for a Public Space

Lisa Brown | August 15, 2018

Pelli Clarke Pelli Architects’ architectural design for Salesforce Transit Center illustrates how a dense urban transit-based development can be a cornerstone for a sustainable and livable city.

Commentary

The Salary Surge

Anthony J. LoPinto | August 14, 2018

There is a crisis brewing on the global talent front: a growing shortage of highly skilled workers.

News Research

Stringer Says City Should Take Advantage of Strong Economy

John Jordan | August 14, 2018

Fewer than half of new private-sector jobs created in the second quarter were in lower-wage industries, as high-wage industries added 6,000 new jobs—the biggest gain in that sector in the last two years.

Commentary

Imminent Geopolitical Events And CRE

Joel Ross | August 14, 2018

The US economy will come through this fine and once things settle down, the US economy will continue to grow.

Event Coverage News

Park is the Top Icing Layer of Transit Center

Lisa Brown | August 14, 2018

The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.

News

Austin Has More Tech Jobs Than Tech Grads

Lisa Brown | August 13, 2018

Austin moved up two spots to number six on CBRE’s Tech Talent Scorecard, part of its Tech Talent Report, which ranks 50 US and Canadian markets according to the ability to attract and grow tech talent.

News

Cuomo: Trump’s Capital Gains Tax Cut Would Cost NY $500M

John Jordan | August 10, 2018

The State Department of Tax and Finance estimates the capital gains tax cut, if implemented, would reduce state tax revenues by up to $500 million annually.

Commentary

The Best Lender for Your Deal is Rarely the Cheapest

Michael Klein | August 10, 2018

Many borrowers think money, is money, a loan is a loan and quite frankly, that is correct most of the time.

Commentary

The CEO Landscape: Diversity in Reverse        

Anthony J. LoPinto | August 09, 2018

PepsiCo CEO Indra Nooyi’s departure is one in a string of high-profile women who have recently left the ranks of S&P 500 C-Suite.

Furniture Retailers Are the New Retail Favorite

Kelsi Maree Borland | August 09, 2018

Low home sales have fueled sales growth for discount furniture retailers, creating new demand for big box retail product.

Mid-Size Users Drive Office Leasing

Kelsi Maree Borland | August 09, 2018

Leasing activity surged in the second quarter, and mid-sized office users lead the activity.

News

Chase Center Works Against the Buzzer

Lisa Brown | August 09, 2018

The Chase Center is a 18,064-seat sports and entertainment arena set to open in fall 2019 in time for the first tip-off of the 2019-2020 NBA season, and will anchor an 11-acre mixed-use complex in Mission Bay.

News

Adaptive Reuse Becomes Key Product Category

Lisa Brown | August 08, 2018

In this EXCLUSIVE, CCIM’s Conway discusses assessing communities’ needs for reuse especially in areas with land scarcity in conjunction with his report, “Adaptive Reuse: Turning Blight into Bright”.

Will Retail Ever Completely Go Away?

Kelsi Maree Borland | August 08, 2018

“No, but it is going to go through a complete shock to the system,” according to Kevin Kelley of Shook Kelley.

Commentary

Achieving Strong Returns in an Uncertain Investing Environment

Elliot M. Shirwo | August 08, 2018

A look at minimizing risk through mortgage investments, an often-overlooked alternative investment option.

Sorrento Mesa Top Office Market This Cycle

Kelsi Maree Borland | August 08, 2018

The San Diego submarket dominated in leasing activity this cycle, accounting for 6.9 million square feet of leasing activity since 2013.

Research

Seattle Renters Take the Biggest Wallet Hits

Lisa Brown | August 08, 2018

The local job market and Seattle’s appeal to Millennials are the two pillars that will continue to support the extraordinary demand for rental housing in one of the most active US multifamily markets.

Phoenix Retail Market Officially Rebounds

Kelsi Maree Borland | August 07, 2018

The Phoenix market was among the hardest hit during the recession, but the retail market has finally returned to pre-recession activity—and it is a good sign of the future.

Commentary

It Is Almost As Good As It Can Get

Joel Ross | August 07, 2018

If you add back the Toys R Us layoffs, the employment report was pretty much on target, and the prior months adjustments up made it even better than we thought.

Manufacturing Is Booming—South of the Border

Kelsi Maree Borland | August 07, 2018

Mexico’s availability of skilled labor and lower wages are attracting manufacturers to head south.

Residents Flock to Urban Areas But Supply Lags

Lisa Brown | August 07, 2018

Seattle’s tech boom shows no signs of slowing down, with companies buying entire blocks of space amid very low cap rates, yet housing is not keeping up with demand, says H. Pike Oliver of Urbanexus.

News

Renters Are On the Rise in Texas

Lisa Brown | August 06, 2018

Among the nation’s largest metros, Houston ranks first nationally when it comes to the net change in renters with children–an increase of 107,000 households between 2006 and 2016, a surge of 41%.

SoCal Top Growth Market in US for Tech Labor

Kelsi Maree Borland | August 06, 2018

Los Angeles has the fastest growing tech labor force in the country, up 12.3% in the last two years, while Orange County’s tech labor force grew by 10.6% in two years.

Commentary

Q2 US Lodging Market Update

Daniel Lesser | August 06, 2018

Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.

Commentary

Secondary and Tertiary Markets are Taking the US into Extra Innings

Jay Olshonsky | August 06, 2018

Select tertiary markets are driving the economic expansion and will likely continue to do so for the balance of this year and well into 2019.

San Diego Multifamily Rents Surge 5%

Kelsi Maree Borland | August 06, 2018

Apartment rents in San Diego increased 4.9% in the month of July, fueled by strong demand, compared to the national average of 2.8% apartment rent growth.

Industrial Owners Will Take Credit Over Rent

Kelsi Maree Borland | August 03, 2018

With the limited industrial supply, owners are opting for quality credit tenants over top rental rates.

Is Phoenix Becoming a Tech Hub?

Kelsi Maree Borland | August 02, 2018

The market has added 12,650 tech jobs in the last five years and with a tech job base that makes up 4% of total employment, the market is now ranked #15 for tech jobs.

News Research

Spring Baseball Is A Home Run for Florida Economy

John Jordan | August 02, 2018

This year’s MLB spring training generated 7,152 jobs on an annual basis and nearly $253.8 million in wages.

Upclose With Kingsbarn Realty Capital

Natalie Dolce | August 01, 2018

Brad Watt, managing director, EXCLUSIVELY talks with GlobeSt.com about the new tax law and its impact on 1031 exchange programs.

Why Have Office Rents Stalled?

Kelsi Maree Borland | August 01, 2018

Office rents were flat in the second quarter, despite strong leasing activity. New construction could be behind the stalled rents.

Landlords Are Easily Backfilling Big Boxes

Kelsi Maree Borland | August 01, 2018

With Toys R Us shuttering this year, there is concern about how landlords will backfill boxes, but with a 3.5% vacancy rate, the problem in OC is moot.

Research

Audio: Atlanta Office Market Expansion Slowing to 'New Normal'

Steve Lubetkin | August 01, 2018

In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.

L.A. Apartment Rent Growth Accelerates

Kelsi Maree Borland | August 01, 2018

In January, L.A. rent growth slowed, but it has since increased rapidly. Could the market return to 2016 and 2017 growth rates of 3% and 4%?

News

Houston Attracts More Convention Business

Lisa Brown | July 31, 2018

In this EXCLUSIVE, Robert Wiemer Jr., senior managing director of The Plasencia Group, shares insights into hotel developments, visitor volume, hottest areas and a lesser focus on the oil industry.

Commentary

Quiet Skies

Anthony J. LoPinto | July 31, 2018

Over the weekend the TSA’s cover was blown by the Boston Globe when it reported that ordinary citizens are being followed onto flights and observed…

Ecommerce Users Plant Roots in Phoenix’s Southwest Valley

Kelsi Maree Borland | July 31, 2018

Ecommerce accounts for 39% of all lease transactions, and the Southwest Valley is getting a bulk of the leasing and new development activity.

Retail Rates Hit Record Highs

Kelsi Maree Borland | July 31, 2018

Retail leasing activity climbed 14% in the second quarter, driving lease rates to record numbers.

News Research

DiNapoli Says NYC’s Finances Remain Strong

John Jordan | July 30, 2018

The city projects budget gaps of $3.3 billion in Fiscal Year 2020, $2.9 billion in Fiscal Year 2021 and $2.3 billion in Fiscal Year 2022.

Commentary

What Happened to Net Lease Over the Last Quarter?

Jonathan Hipp | July 30, 2018

Cap rates overall have seen an up-tick, but at a manageable pace, while core assets continue to trade at historically aggressive pricing

News

Columbia Residential Develops Affordable Senior Housing Near MARTA

Steve Lubetkin | July 30, 2018

East Decatur is one of the first affordable senior communities in the region offering such close proximity to a MARTA station.

Industrial Renewals Drive Leasing Volume

Kelsi Maree Borland | July 30, 2018

Industrial lease renewals dominated leasing activity in the second quarter as limited space has left few relocation options.

Why Millennials Are Flocking to La Mesa

Kelsi Maree Borland | July 30, 2018

La Mesa has become a hub for young professionals as the market has seen significant revitalization.

News

NAIOP Panelists: Regulatory Changes, Court Actions Reshaping Development

Steve Lubetkin | July 30, 2018

Jeffrey J. Milanaik of Bridge Development, NJ DEP Commissioner Catherine McCabe, and NAIOP NJ CEO Michael McGuinness were among speakers addressing the changes.

News

Port Cargo This Year Sets New Record

John Jordan | July 27, 2018

The cargo volume increase was fueled by a 7.8% rise in loaded import containers, primarily carrying commodities such as furniture, appliances and beverages.

Middle Market Digest-The Midwest

Brian J. Rogal | July 27, 2018

The latest deals, personnel moves and trends in the Midwest region.