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The Opportunity Zone program is inspiring property owners that have held lower-quality assets with deferred maintenance to finally sell the assets, says Real Capital Analytics' Jim Costello.
The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.
Reonomy also reports that as of July 2018, there has been an acceleration of price appreciation in non-Opportunity Zone assets and a deceleration of price appreciation in Opportunity Zone assets.
According to a report released by brokerage firm JLL, as of mid-May 2019, retail openings in the district have outpaced closings nearly 4 to 1. In comparison, closings outpaced openings in 2018 with 1.3 closings per every opening.
Malls, college campuses and suburban office campuses are currently seeing action with a new roster of players emerging beyond the chef-driven concepts and handful of food hall venue operators that largely pioneered this movement, says a recent Cushman & Wakefield report.
ARLINGTON, VA—It should not be surprising that Arlington, VA,'s housing market is doing well after Amazon's decision to locate its second headquarters…
Colliers International's Chicago office reports that the vacancy rate for big box buildings of more than 200,000 square feet declined by 54 basis points to 8.53% at the end of the first quarter of 2019.