Economy

There is a focus on building more affordable housing, but Century West Partners' Steve Fifield says what we really need is workforce housing.

The economic outlook for 2018 remains strong, but with rents continuing to increase, we may be hitting a ceiling in certain product types on tenant affordability.

"President Ford may have metaphorically told New York to drop dead in 1975—but this federal government is the most hostile and aggressive toward New York in history.”—Gov. Andrew Cuomo

The lawsuit continues but the $905 million sale of the largest federally subsidized housing complex in the country can proceed to the next step.

December's continued pricing contraction “confirms that commercial real estate investors are wary going into the new year,” says Peter Muoio at Ten-X.

Earthquake risk seems to be on the minds of a number of CMBS investors, with a particular focus on the potential impact of an event and assets that may not be adequately insured, if at all.

“The surge in construction of self-storage facilities across the country has been one of the biggest growth areas in the commercial real estate market” over the past year, says Chris Roach at BBG.

There is plenty of profit to be made in self-storage and multifamily, and the two markets run parallel to each other.