News
The latest ULI Real Estate Economic Forecastis predicting more positive momentum ahead for both the economy and the commercial real estate industry through 2019. That being said, the pace of growth is slowing and the survey of 48 economists and analysts clearly reveals some lowering of expectations.
National rents have barely moved through the entire peak rental season and into September, according to data from Yardi Matrix, marking the longest period of stagnation in recent history—four consecutive months. Coming in at $1,354 for the month of September, the average rent is only 2.2 percent higher than this time last year.
In these hard-hit communities, where so much will need to be rebuilt, you can help ULI demonstrate the value of reimagining and building for the future.
With so much about the built environment now under scrutiny, the Urban Land Institute’s work has never been more necessary or relevant.
Thirty-two professionals in real estate development, planning, design, engineering, finance, and health care from across the country have been selected to participate in the first cohort of the ULI Health Leaders Network, a new program designed to empower real estate and land use professionals with the skills, knowledge, and networks to improve health outcomes in their professional practice and communities. The Health Leaders Network is supported by the Robert Wood Johnson Foundation, the Colorado Health Foundation, and ULI Foundation governor Randall Lewis.
According to the Washington, D.C.–based National Association of Real Estate Investment Trusts (NAREIT), the FTSE NAREIT All REITs Index was up by 0.6 percent in August, with infrastructure and data center REITs making the most significant gains. Plus, rate survey data from Trepp.
Millennials are thought to be the driving force behind this migration as companies continue to find top talent in larger, urban environments. But the suburban office market may be showing signs of renewed strength and growth potential.
Sales per square foot at all but a few public retailers have declined to an average of $325 ($3,498 per sq m), down from nearly $375 ($4,036 per sq m) in the early 2000s, according to research by CoStar. But while e-commerce has been disruptive to traditional retailers, several companies, including Apple, Tiffany, and lululemon, have managed to increase sales.
Commercial real estate lending in the United States continued to grow in the second quarter, led by a surge in commercial mortgage–backed securities (CMBS) mortgages, according to the latest research from CBRE. Volume improved across all major lending groups, with CMBS conduits leading all other lenders in terms of market share.
Respondents to RCLCO’s latest Market Sentiment Survey are feeling less optimistic than they were six months ago, but most still see continued stability in market conditions for the near to medium term. Nearly two-thirds (65 percent) of respondents believe the next U.S. real estate market downturn will not begin until at least 2019.