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So far all of the new supply entering the market, as well as Airbnb, has not had an impact on properties backing CMBS loans, Trepp says. That may change this year.
Since the park opened, newly developed office space and increased occupancy in the area around Klyde Warren Park has reached upwards of 1.3 million square feet, with many companies paying premium rents.
While there is a steady and growing investor appetite for grocer-anchored assets, actual store expansions have slowed slightly following years of aggressive growth in Houston and elsewhere.
Most reports peg total investment sales in this category to be in the $8-billion to $9-billion range, which would make 2017 the second-largest volume in industry history, behind the $10-billion-plus in 2016, Pierce's Fred Pierce tells GlobeSt.com.