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The age of the tenant's market is upon us, and it does not appear the pendulum will swing back to the landlord's side any time soon. This seems especially true with Generation Y poised to make its mark on the world of work and an economy that's yet to fully recover.
The Lone Star State has weathered the Great Recession and financial meltdown better than most others, and its job growth prospects are bright. As a result, Texas is at the top of many developers' and investors' wish lists. But then there are the state's commercial real estate stalwarts; the men and women who have been through the booms and busts of the Texas economy for the past several decades. These household names have all helped to shape the local commercial real estate market into what it is today.
RIO DE JANEIRO—Latin America continues to see growth in new projects and leasing activity, led by preparation in Brazil for the 2016 Olympic Games, as well as investors drawn to the emerging markets in the rest of South America and the Caribbean.
San Diego is quickly recovering, as demonstrated by a tremendous increase in investment sales activity and new construction from Downtown to Camp Pendleton. While economic recovery has had its ups and downs throughout the industry, the San Diego market has demonstrated that it is strong enough not only to survive, but also to prosper.
Will McIntosh brings 20-plus years in the global investment management sector to his new role of global head of research for USAA Real Estate Co., based in San Antonio, TX. Before joining USAA, McIntosh served as head of global research for the real estate department of Abu Dhabi Investment Authority in Abu Dhabi. He has also held key positions at ING Real Estate Investment Management, AIG Global Real Estate Investment Corp. and Prudential Global Asset Management Group.