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"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.
Landmark believes there's a healthy market for off-campus housing close to this growing university and says the site is a rare and large urban assemblage near a light rail station that's zoned for high-rise.
Tenants leased 1.4 million square feet in the second quarter and have leased 7.3 million square feet in the four most recent quarters, well above the annual average.
West Campus neighborhoods achieved 5.55% average rental growth since 2010 and University of Texas at Austin student enrollment is estimated to grow by 5.4% by 2020.
Greenland Forest City Partners, TF Cornerstone and Brodsky Organization are accelerating the construction of mixed-use developments near Barclays Center.
Broadstone Yards commissioned several pieces of art from noted and emerging local artists alike, reflecting Atlanta's history and celebrating the city's industrial beginnings.
Unemployment in the Sacramento region has fallen to below 4%, led in part by private sector growth in healthcare and technology, as year-over-year rental growth is expected in the high-single digits in 2018.