Research

“In the class A trophy space it is a tenant market right now and there are no market forces out there that will change that.”

While the final figures are still being negotiated, Defense will likely see a 10% increase to its base budget, according to JLL.

“These changing perceptions, combined with rising rents and tightening supply of affordable housing, are likely to fuel continued multifamily market growth in the years ahead."

“So far, the adage 'build it, and they will come' has proven to be true in the Washington metro apartment market."

It will have to source capital for affordable opportunities that are incentivized to stay that way, the report concluded.

Property sectors that feel the effects of ride-sharing and driverless cars will go beyond parking facilities, say Green Street Advisors and the Urban Land Institute.

“New developments are drawing more attention, particularly from retailers that are looking to develop a presence in Brooklyn as an extension of their Manhattan mainstays,” says REBNY president John Banks.

There were approximately 421,113 square feet of new leases and renewals executed in Burlington, Camden and Gloucester Counties, an increase of about 6.6 percent compared with the previous quarter.