OHIO RESEARCH RECOVERY STILL PROGRESSING. Brian T. Graham, CCIM Valuation & Advisory Services Director of Research Ohio

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "OHIO RESEARCH RECOVERY STILL PROGRESSING. Brian T. Graham, CCIM Valuation & Advisory Services Director of Research Ohio brian.graham@colliers."

Transcription

1 Q OVERALL OHIO RESEARCH RECOVERY STILL PROGRESSING EXECUTIVE SUMMARY The second quarter in Ohio kept a steady pace, as most markets and specialties saw good demand, positive absorption and a healthy amount of activity. Colliers Ohio now tracks data in the four largest Ohio markets - Cincinnati, Cleveland, Columbus and Dayton - and has witnessed a continued recovery in the commercial real estate market. Driving this recovery continues to be employment. The overall employment in Ohio sits 60 basis points lower than the national average, 7.0% compared to 7.6% across the country. Demand continues to push down vacancy rates. In Ohio, the office vacancy rate stands at 13.7%, the industrial vacancy rate is 8.7% and the retail vacancy rate is 8.8%. On the investment side, investor demand for commercial properties in Ohio continues to rise as investors are looking for a higher return in second tier cities across our state. At the close of the second quarter, investment sales have shown a 13% year-over-year increase, a positive sign capital is still flowing in the investment market and deals are being completed. NET Combined net absorption for all specialties remained positive again this quarter. The office market produced a total of 305,420 square feet of positive absorption and the retail market produced 1,195,777 square feet of positive absorption for all four markets we cover. In addition, like last quarter, the industrial market was the clear winner for the second quarter, as it almost passed 2.6 million square feet of positive absorption (2,592,341 square feet) for the second quarter. RENTAL RATES Rental rates were mixed throughout each market and each specialty, showing no clear direction in one way or the other. The average rental rate for the office market came in at per square foot (gross), the average rental rate for the industrial market was 3.36 per square foot (net) and the average rental rate for the retail market was per square foot. Brian T. Graham, CCIM Valuation & Advisory Services Director of Research Ohio DIR FORECAST The third and fourth quarters of 2013 should continue to see positive momentum in all markets and in all specialties. Employment levels should continue to get better, which, in turn, drives demand for commercial real estate. One area Colliers Ohio will continue to monitor is the investment market. While this market has seen a good run over the past 24 months, rising interest rates could affect investor demand as cap rate compression comes to an end and the yield spread for commercial investment properties tightens. Population (2010 CSA) 2.2 Million 3.5 Million 2.0 Million 1.1 Million Unemployment Rate 6.8% 6.9% 6.0% 7.3% Office Vacancy 17.8% 12.8% 11.4% 15.4% Industrial Vacancy 7.9% 8.7% 6.8% 13.8% Retail Vacancy 9.4% 8.5% 9.5% 8.5%

2 OFFICE MARKET SUMMARY THE KNOWLEDGE REPORT Q OFFICE OHIO TOTAL RENTABLE TOTAL VACANT VACANCY QUARTERLY NET YTD NET RENTAL OFFICE MARKET RATE RATE / Cincinnati 53,674,927 9,535, % 453, , Cleveland 144,270,012 18,448, % -489, , Columbus 62,688,656 7,158, % 229, , Dayton 41,835,897 6,443, % 111, , TOTAL 302,469,492 41,586, % 305, , OFFICE MARKET SUMMARY The second quarter of 2013 showed 305,420 square feet of positive absorption and a vacancy rate of 13.7% for all four markets we track. As office space is tied directly to our unemployment rate, the office market has reaped the rewards of employment increasing in most sectors of our economy. Cincinnati had 453,669 square feet of positive absorption, Cleveland had negative 489,000 square feet of absorption, Columbus had 229,080 square feet of positive absorption and Dayton had 111,671 square feet of positive absorption. As employment continues to improve in the education, healthcare and government sectors, demand should continue for office properties. SQUARE FOOTAGE DEMAND SQUARE FOOTAGE DEMAND Office - Other Office - Medical Office - Sales Office - Financial Services Office - Marketing/Branding Office - Law Firm Office - Data/IT Office - Education Office - R&D 20.0% 19.0% % % 16.0% 15.0% 14.0% 13.0% % % TOP 5 OFFICE TRANSACTIONS PROPERTY SUBMARKET TENANT/BUYER SIZE TYPE QUARTER 5900 Parkwood Place Columbus JP Morgan Chase 164,900 Lease Q2 Flats East Bank Cleveland Ernst & Young 150,000 Lease Q1 Flats East Bank Cleveland The Law Firm of Tucker Ellis 100,000 Lease Q Parkwood Place Columbus Cardinal Health (Expansion) 61,128 Lease Q1 Dolwick Business Center Cincinnati St. Elizabeth Health Care 55,799 Lease Q2

3 INDUSTRIAL MARKET SUMMARY THE KNOWLEDGE REPORT Q INDUSTRIAL OHIO TOTAL RENTABLE TOTAL VACANT VACANCY QUARTERLY NET YTD NET RENTAL INDUSTRIAL MARKET RATE RATE / Cincinnati 244,257,287 19,185, % 657,162 2,771, Cleveland 476,790,108 41,479, % 510,600 2,040, Columbus 212,366,316 14,474, % 1,444,523 1,204, Dayton 116,088,502 15,968, % -19,944 36, TOTAL 1,049,502,213 91,107, % SQUARE FOOTAGE 2,592,341 DEMAND6,053, INDUSTRIAL MARKET SUMMARY The second quarter of 2013 showed 2,592,341 square feet of positive absorption in the industrial market. The vacancy rate is 8.7% for all four markets we track, down 20 basis points from the first quarter. Cincinnati had 657,162 square feet of positive absorption, Cleveland had 510,600 square feet of positive absorption, Columbus had an impressive 1,444,523 square feet of positive absorption and Dayton had 19,944 square feet of negative absorption. As noted last quarter, industrial supply of Class A bulk product is limited, and developers should be ramping up plans for new speculative construction in the third and fourth quarters. Cincinnati and Columbus have some projects which have commenced to meet this demand. In Cincinnati, IDI has finally announced plans for a massive 630,000-square-foot building, the first speculative project of its kind since Columbus is watching Exxcel Project Management construct a 478,053-squarefoot building at the CenterPoint Business Park, north of Rickenbacker International Airport. More projects like this should come to life in the next two quarters, as other developers try to jump in the game and capitalize on the lack of supply in the market. SQUARE FOOTAGE DEMAND Industrial - Warehouse/Distribution Industrial - Manufacturing/Production Industrial - Other Industrial - Flex Industrial - Freestanding Industrial - Land 13.5% % 11.5% 10.5% 9.5% 8.5% 7.5% 6.5% TOP 5 INDUSTRIAL TRANSACTIONS PROPERTY SUBMARKET TENANT/BUYER SIZE TYPE QUARTER 6200 Commerce Center Drive Columbus HD Supply 437,256 Lease Q1 World Park Union Center 11 Cincinnati Netrada 400,000 Sublease Q1 Monroe Logistics Center Bldg B Cincinnati Blue Buffalo 390,800 Lease Q Rohr Road Columbus Exel Logistics 313,792 Lease Q2 Park West International - N2 Cincinnati Perfetti Van Melle 176,000 Lease Q2

4 RETAIL MARKET SUMMARY THE KNOWLEDGE REPORT Q RETAIL OHIO TOTAL RENTABLE TOTAL VACANT VACANCY QUARTERLY NET YTD NET RENTAL RETAIL MARKET RATE RATE / Cincinnati 58,900,385 5,533, % 564, , Cleveland 194,760,529 16,618, % 278, , Columbus 60,499,791 5,721, % 304, , Dayton 69,295,791 5,914, % 48, , TOTAL 383,456,496 33,787, % 1,195,777 1,894, SQUARE FOOTAGE DEMAND (TOP 10) RETAIL MARKET SUMMARY The second quarter of 2013 showed 1,195,777 square feet of positive absorption in the retail market. The vacancy rate sits at 8.8% for all four markets we track. Cincinnati had an impressive 564,495 square feet of positive absorption, Cleveland had 278,151 square feet of positive absorption, Columbus had 304,889 square feet of positive absorption and Dayton had 48,242 square feet of positive absorption. Consumer confidence continues to be high and discretionary income spending should remain consistent for the balance of the year into the holidays. SQUARE FOOTAGE DEMAND Retail - Building Materials Retail - Discount Retailer Retail - Gym/Fitness Retail - Grocery Retail - Restaurant (Full Service) Retail - Specialty Retail Retail - Restaurant (Fast) Retail - Other Retail - Automotive Retail - Special Services 12.5% 12.0% 11.5% 11.0% 10.5% 10.0% 9.5% 9.0% 8.5% 8.0% TOP 5 RETAIL TRANSACTIONS PROPERTY SUBMARKET TENANT/BUYER SIZE TYPE QUARTER Stringtown Road Columbus Dick s Sporting Goods 49,447 Lease Q Stringtown Road Columbus Best Buy 30,000 Lease Q1 Kings Mall II Cincinnati Best Buy Furniture 27,559 Lease Q1 Eastgate Crossing Shopping Center Cincinnati Ashley Furniture 24,314 Lease Q North High Street Columbus Lucky s Fresh Market 24,000 Lease Q1

5 INVESTMENT MARKET SUMMARY THE KNOWLEDGE REPORT Q INVESTMENT OHIO INVESTMENT MARKET SUMMARY The overall investment market has continued to recover, as year-over-year investment sales increased 13% in quarter two according to Real Capital Analytics. Investment sales across the U.S. totaled 71.0 billion in the second quarter. Office and hotel property types have led the charge, seeing the most transactional activity for the past three months. The multifamily/ apartment sector, which has been the most appealing property type over the past twenty-four months, has finally cooled off. Year-over-year sales have declined 7%, the first decline for this sector in the past 13 quarters. Multifamily demand has driven up prices as far as they can go, and little yield remains on the table for upside potential. Because of this, the office, industrial and retail sectors should be the benefactor of investors looking for an alternative property type. The recent rise in interest rates is an area of concern that Colliers Ohio will continue to monitor for the balance of the year. Rising interest rates will put an end to the cap rate INVESTMENT INDICATORS 3 compression we have witnessed during this economic recovery, and will affect investor assumptions and overall projections in their financial models. As this occurs and strategies are readjusted, we will still continue to see modest demand in most markets across the state of Ohio as capital is still sitting on the sidelines waiting to enter the game. AVERAGE CAP RATE 9.5% 9.0% 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% SALES billions VOLUME 180 Industrial Apartment Suburban Office Retail CBD Office '06 '07 '08 '09 '10 '11 '12 '13 Q2 Q * Sales Volume Sales Counts Cap Rates *Projected Change to the following Quarter. billions transaction volume '06 '07 '08 '09 '10 '11 '12 '13 FINANCING Loan to Value: 60-80% Interest Rate: 4.25% % Loan Term: 5-7 Fixed Amort Sch: Years Closing Costs: 50 BPS YEAR-OVER-YEAR CHANGE average cap rates by sector 200% 150% 100% 50% 0% -50% -100% '06 '07 '08 '09 '10 '11 '12 '13 *Investment charts from Real Capital Analytics TOP 5 INVESTMENT TRANSACTIONS PROPERTY SUBMARKET TENANT/BUYER SIZE TYPE QUARTER Hackman Portfolio Acquisition Ohio Hackman Capital 2,593,602 Sale Q Pontius Road/3051 Creekside Pkwy Columbus Welsh Property Trust 1,491,354 Sale Q1 Southfield Park Portfolio Columbus Garrison Southfield Park LLC 1,010,880 Sale Q2 180 E. Broad Street Columbus Terra Funding - Continental Plaza 568,000 Sale Q2 580 Building - CBD Cincinnati Anderson Birkla Investment Partners 478,160 Sale Q1

6 GOVERNMENT UPDATES THE KNOWLEDGE REPORT Q OHIO GOVERNMENT SUMMARY The following is a list of the state and national issues Colliers Ohio is tracking. These are governmental and legislative issues that directly affect commercial real estate. Please contact us for more information on each. State Sales Tax on Commercial Property Ohio Oil & Gas Tax HB59 Current Status - HB59 was recently signed into law but governor s office is continuing to push it forward as a does not include the governor s proposed plan to tax rents separate issue. and commissions on commercial property - great news for owners and users of commercial property. Marketplace Fairness Act S.743 Current Status - Passed through the Senate and working its way through the House. Ohio plans to cut income tax Current Status - Was excluded from HB59 but the Income Tax Credit - Vacant Industrial Site HB135 To authorize a nonrefundable credit against the income tax and certain business taxes for the rehabilitation of a vacant industrial site. rate if passed. Current Status Passed by House, referred to Committee Senate Ways and Means. UNEMPLOYMENT UPDATE 12.5% Ohio is performing very well coming out of the recession. At the end of 12.0% 2008, Ohio was 80 basis points higher than the national unemployment 11.0% rate. At the end of 2012, Ohio was 110 basis points lower than the 8.0% 6.8%, Cleveland at 6.9% and Dayton at 7.3%. Cleveland Unemployment Rate Columbus Unemployment Rate Dayton Unemployment Rate 9.5% shape compared to the rest of our country. As of May 1st, the U.S. Bureau of was the best performing market in Ohio at 6.0%, followed by Cincinnati at Cincinnati Unemployment Rate 10.0% 9.0% Ohio Unemployment Rate 10.5% national-average. Although we have inched up in 2013, we are still in good Labor Statistics is reporting Ohio s unemployment rate at 7.0%. Columbus US Unemployment Rate 11.5% 8.5% 7.5% 7.0% 6.5% 6.0% 5.5% E RV CORE S RV S CORE S E R ICES COLL S E IE ICES R Mar - May - Nov - Sep-12 May-12 July-12 Nov-11 Jan-12 Mar-12 Jul-11 Sep-11 May-11 Jan-11 Mar-11 Jul-10 Sep-10 Nov-10 May-10 Jan-10 Mar-10 Nov-09 Jul-09 Sep-09 May-09 Jan-09 Mar-09 Nov-08 Jul-08 Sep-08 Mar-08 Jan-08 S May % Jan % RV

7 WSJ SENTIMENT STUDY THE KNOWLEDGE REPORT Q OHIO has collected data from the Wall Street 10 YEAR TREASURY RATE 10 Year Treasury Rate Journal, one of our leading information 7.00% sources for market statistics. We have 6.00% Over the past six months, Colliers Ohio analyzed the Vital Signs on the front 5.00% page each day, snapshots of market 4.00% indicators, showing a positive or 3.00% negative trend. This daily data has 2.00% 2013 WSJ Sen m 2013 Wall StreetTOPICS Journal -Vital Signs O VITAL SIGNS POSITIVE Positive or Negative Topics 2.58% 38% 1.00% been collected and is extrapolated into market faired each day. 62% 01/01/13 12/01/11 11/01/10 10/01/09 09/01/08 08/01/07 07/01/06 06/01/05 04/01/03 Average (DJIA), to see how the stock 05/01/04 closing of the Dow Jones Industrial 03/01/02 01/01/00 addition, we have tracked the daily 02/01/ % the included charts and graphs. In Treasury Close DJIA DAILY CLOSE Dow Jones Industrial Average Daily Close 16,000 Positive 15,500 14, ,000 14,500 Negative 14,000 13,500 06/02/13 05/02/13 04/02/13 03/02/13 02/02/13 01/02/13 13,000 All in all, these are great signs for an economy that is continuing to improve. TOP 5 VITAL SIGNS TOPICS Combined, these two studies have shown a positive trend in our national economy over the past six months. The top 5 leading indicators moving us in this direction are: Job Growth (32%) Financial Market Movement (15%) Consumer Spending Increases (22%) Manufacturing Improvement (14%) Housing Recovery (17%) Disclaimer: All data represented in the included graphs and charts was taken directly from the front page of the Wall Street Journal. Colliers Ohio believes the data is accurate, but cannot guarantee it.

8 THE KNOWLEDGE REPORT Q OHIO Executive Team 482 offices in 62 countries on 6 continents United States: 147 Canada: 37 Latin America: 19 Asia: 36 ANZ: 165 EMEA: 118 Shenan P. Murphy, CCIM CEO & Principal Cincinnati Dayton Richard B. Schuen, CCIM, SIOR CEO & Principal Columbus billion in annual revenue 1.12 billion square feet under management Over 13,500 professionals Greater Cincinnati 425 Walnut Street, Suite 1200 Cincinnati, OH Cleveland 200 Public Square, Suite 2005 Cleveland, OH Greater Columbus Region 2 Miranova Place, Suite 900 Columbus, OH Brian A. Hurtuk Managing Director Cleveland James R. Garrett, Jr. MCR Chief Operating Officer Ohio Colliers Ohio Research Services Dayton 70 Birch Alley, Suite 240 Building B Beavercreek, OH Colliers International statistics are audited annually and may result in revisions to previously reported quarterly and final year-end figures COMPREHENSIVE SERVICES Quarterly Market Reports Brian T. Graham, CCIM Valuation & Advisory Services Director of Research Ohio Monthly Market Notes Proprietary Property Database Proprietary Sale & Lease Comp Database Geographic Information Systems Mapping Valuation/Appraisal Analysis Tenants in the Market Reports Jonathan Schuen Research Analyst Columbus Unemployment Monitoring Local State & National Trend Analysis

Vacancy Down, Rental Rates Up

Vacancy Down, Rental Rates Up Research & Forecast Report ST. LOUIS OFFICE First Quarter 2016 Vacancy Down, Rental Rates Up Business as usual for the St. Louis office market during first quarter 2016. Suburban office continues to drive

More information

The Little Train That Could

The Little Train That Could Research & Forecast Report RENO OFFICE Q3 2015 The Little Train That Could > > Rents continued to move higher as rates over $2.00 per square foot are becoming more common in the Class A buildings in the

More information

Real Estate Trends. in the Sacramento Region. Key Points

Real Estate Trends. in the Sacramento Region. Key Points Real Estate Trends The opening of Golden 1 Center in the fall of 2016 will certainly be one of the most significant events in recent Sacramento history. Golden 1 Center Downtown Sacramento photo credit:

More information

Sublease Space Thwarts a Good Quarter

Sublease Space Thwarts a Good Quarter Research & Forecast Report RENO INDUSTRIAL Q3 Sublease Space Thwarts a Good Quarter > > Overall vacancy rate rose to 10.95% (without sublease space 8.16%) > > New construction completions totaled 626,000

More information

GREATER COLUMBUS OFFICE MARKET OVERVIEW. Current Market Trends

GREATER COLUMBUS OFFICE MARKET OVERVIEW. Current Market Trends GREATER COLUMBUS OFFICE MARKET OVERVIEW Current Market Trends Over the past 12 months, overall market conditions have continued to improve. Vacancy declined, absorption remains positive and rental rates

More information

DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK

DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK Research Report DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK Second Quarter 2013 Economic Outlook Business and consumer spending to drive recovery Quantitative easing beginning its expected unwinding

More information

Despite Continued Spec Development, Demand Pushes Vacancy Down

Despite Continued Spec Development, Demand Pushes Vacancy Down Research & Forecast Report CHICAGO BIG BOX Fourth Quarter 15 Despite Continued Spec Development, Demand Pushes Vacancy Down Craig Hurvitz Vice President Chicago Vacancy And Supply Four big box developments

More information

Midwest Region. Chicago Cincinnati Cleveland Columbus Detroit Indianapolis Kansas City Milwaukee Minneapolis Omaha St.

Midwest Region. Chicago Cincinnati Cleveland Columbus Detroit Indianapolis Kansas City Milwaukee Minneapolis Omaha St. Midwest Region Chicago Cincinnati Cleveland Columbus Detroit Indianapolis Kansas City Milwaukee Minneapolis Omaha St. Louis Toledo MidwestMarketSnapshot Trusted Advice. Proven Performance. CBRE/Torto Wheaton

More information

Vacancy Rate Increases Above 20% As Space Givebacks Continue

Vacancy Rate Increases Above 20% As Space Givebacks Continue OFFICE LOS ANGELES MARKET REPORT Rate Increases Above 20% As Space Givebacks Continue MARKET OVERVIEW MARKET INDICATORS - VACANCY 20.1% NET ABSORPTION -137,400 CONSTRUCTION 508,200 RENTAL RATE $34.56 P

More information

BUSINESS BRIEFING SELF STORAGE

BUSINESS BRIEFING SELF STORAGE BUSINESS BRIEFING VALUATION & ADVISORY A Cushman & Wakefield Valuation & Advisory Publication JANUARY 2015 SOLID YEAR AHEAD IN As we enter 2015, investors always ask about market expectations for the New

More information

>> Industrial Starts Off 2016 With Positive Momentum

>> Industrial Starts Off 2016 With Positive Momentum Research & Forecast Report ORANGE COUNTY INDUSTRIAL Q1 2016 Accelerating success. >> Industrial Starts Off 2016 With Positive Momentum Key Takeaways > Orange County Industrial continued on a positive path

More information

Multifamily Market Strengthens as Employers Add Workers

Multifamily Market Strengthens as Employers Add Workers Research & Forecast Report TUCSON METRO AREA MULTIFAMILY 2 Multifamily Market Strengthens as Employers Add Workers Key Takeaways > > Employment growth in Tucson closed 2 on an upswing. Approximately 5,6

More information

Oklahoma City Industrial Market Leasing. OKC Industrial Market Information by Submarkets, Classes and Sizes

Oklahoma City Industrial Market Leasing. OKC Industrial Market Information by Submarkets, Classes and Sizes 03Executive Summary 04 04 04 05 06 08 09 10 11 13 National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental Rates and Vacancy Rates OKC Industrial Market

More information

New York City Office Market Report, Second Quarter 2013

New York City Office Market Report, Second Quarter 2013 New York City Office Market Report, Second Quarter 2013 2013 NAI Global The contents of this report are intended for the individuals to whom it is presented or delivered and their company associates. Any

More information

OFFICE MARKET ANALYSIS SUBURBAN CHICAGO. According to Costar Property, the Suburban Chicago office market is distributed as follows:

OFFICE MARKET ANALYSIS SUBURBAN CHICAGO. According to Costar Property, the Suburban Chicago office market is distributed as follows: OFFICE MARKET ANALYSIS SUBURBAN CHICAGO Market Composition & Distribution According to Costar Property, the Suburban Chicago office market is distributed as follows: Office Submarket Cluster Distribution

More information

Sales Velocity Surges as Rents Push Higher

Sales Velocity Surges as Rents Push Higher Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 Sales Velocity Surges as Push Higher Key Takeaways > > The Greater Phoenix multifamily market continued to improve in the fourth quarter, capping

More information

4Q 15. Industrial Market Report

4Q 15. Industrial Market Report 4Q 15 Industrial Market Report ST. LOUIS, MO The Market Multiple indicators point towards 2016 as a year of continued construction for the St. Louis Industrial Market. The 2.3 million square feet of new

More information

National Property Type Cycle Locations. Hotel Full-Service Hotel Ltd. Service Retail 1st Tier Regional Mall. Retail Neighborhood/Community

National Property Type Cycle Locations. Hotel Full-Service Hotel Ltd. Service Retail 1st Tier Regional Mall. Retail Neighborhood/Community Cycle Monitor Real Estate Market Cycles Fourth Quarter 0 Analysis February 0 Physical Market Cycle Analysis of All Five Major Property Types in More Than 0 MSAs. U.S. GDP growth of.% was more than double

More information

This Copy has been provided to you by: ParaWest Management. Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com

This Copy has been provided to you by: ParaWest Management. Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com This Copy has been provided to you by: ParaWest Management 7979 N. Hayden Rd., Suite D263 Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com Greater Phoenix economic fundamentals have not really

More information

Pace of Improvement Accelerates to Start 2016

Pace of Improvement Accelerates to Start 2016 Research & Forecast Report TUCSON METRO AREA MULTIFAMILY 2 Pace of Improvement Accelerates to Start 2 Key Takeaways > > A strengthening labor market is supporting multifamily conditions in Tucson. Employers

More information

Market Report MANHATTAN OFFICE 2Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.1% -0.6pp -0.9pp N/A. Average Asking Rent ($/SF/YR)

Market Report MANHATTAN OFFICE 2Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.1% -0.6pp -0.9pp N/A. Average Asking Rent ($/SF/YR) Market Report MANHATTAN OFFICE 2Q 2015 Accelerating success. 2Q 2015 Quarter-to- Quarter Change Year-to- Year Change YTD 2015 ± % $ Leasing Activity MSF Absorption SF 8,087,659-2.8% -8.0% 16,409,154 2,890,076

More information

New York City Office Market Report, First Quarter 2013

New York City Office Market Report, First Quarter 2013 New York City Office Market Report, First Quarter 213 Q1-213 New York City Office Market Report, First Quarter 213 OFFICE MARKET # BLDGS. TOTAL RBA DIRECT SUBLET TOTAL TOTAL AVERAGE UNDER (SF) AVAILABLE

More information

Industrial Outlook Baltimore/Washington. Q1 2013

Industrial Outlook Baltimore/Washington. Q1 2013 Industrial Outlook Baltimore/Washington. Q1 2013 Mixed start to 2013 across the region Baltimore industrial properties saw continued interest from tenants, most notably north of the city in Harford County,

More information

EXAMINING THE EFFECT OF RISING INTEREST RATES ON NET LEASE REITS

EXAMINING THE EFFECT OF RISING INTEREST RATES ON NET LEASE REITS EXAMINING THE EFFECT OF RISING INTEREST RATES ON NET LEASE REITS AUGUST 2013 INTRODUCTION The net lease market has been highly competitive for the first half of 2013 with buyers pursuing office and industrial

More information

NAI Houston Office Report First Quarter 2012

NAI Houston Office Report First Quarter 2012 NAI Houston Office Report First Quarter 2012 Houston: Office Report CITYWIDE OFFICE LEASING STATISTICS: ABSORPTION: Measure of Demand in Square Footage for Office Space Total net absorption for 2012 YTD

More information

Property Stocks Attractive Following Sell-Off

Property Stocks Attractive Following Sell-Off Jonathan Litt Founder & CEO Property Stocks Attractive Following Sell-Off Historically, following knee jerk sell-offs in response to a rise in interest rates, REITs deliver double-digit returns within

More information

MARKET WATCH. Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Select Sitar Transactions 2Q 2014. Economic Indicators

MARKET WATCH. Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Select Sitar Transactions 2Q 2014. Economic Indicators MARKET WATCH Second Quarter 2014 Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Average Rate $23.66 PSF YTD Net Absorption 1,491,218 SF Industrial Total Inventory 800,823,825

More information

Renewals Dominate Downtown Los Angeles Activity as Vacancy Decreases

Renewals Dominate Downtown Los Angeles Activity as Vacancy Decreases office downtown LOS ANGELES market report Renewals Dominate Downtown Los Angeles Activity as Decreases Market overview MARKET indicators - VACANCY 18.1% NET ABSORPTION 68,400 CONSTRUCTION 1,042,900 RENTAL

More information

Commercial Lending Glossary

Commercial Lending Glossary Commercial Lending Glossary Acre: Unit of land measure equal to 43,560 square feet. Amortization (To Amortize): The act of paying off a debt through scheduled periodic payments. Example: A 20 year amortization

More information

Net absorption was negative 67,299 square feet this quarter, marking a second consecutive quarter of negative net absorption.

Net absorption was negative 67,299 square feet this quarter, marking a second consecutive quarter of negative net absorption. NAI Earle MEMBER Furman, NAME LLC Office Report First Second Quarter Quarter 20072009 Upstate Market TRENDS: STATISTICS: Vacancy Rate Net Absorption Number of Buildings...3,288 Market Size (SF)...31,367,198

More information

OKC Multi-Family Market Leasing by Classes and Unit Mix. OKC Multi-Family Market Leasing Information by Submarkets

OKC Multi-Family Market Leasing by Classes and Unit Mix. OKC Multi-Family Market Leasing Information by Submarkets 03Executive Summary 04 04 05 05 06 07 08 09 11 National Economy Local Economy OKC Multi-Family Market Leasing by Classes and Unit Mix OKC Multi-Family Market Leasing Information by Submarkets Construction,

More information

Central Los Angeles Leasing Activity Surges Despite Negative Absorption

Central Los Angeles Leasing Activity Surges Despite Negative Absorption office CENTRAL LOS ANGELES market report Central Los Angeles Leasing Activity Surges Despite Negative Absorption Market overview MARKET indicators - VACANCY 19.8% NET ABSORPTION -112,300 CONSTRUCTION 1,242,600

More information

Adelaide CBD Office Market

Adelaide CBD Office Market SPRING 2015 MARKET TRENDS Leasing demand strengthened in the year to July 2015, led by take up from the Government and regulatory authorities and Utilities, Mining and resources sectors. Supply additions

More information

Market Commentary Canberra Office

Market Commentary Canberra Office Market Commentary Canberra Office November 2015 Executive Summary A further strengthening in the Canberra office market has been recorded over 3Q15 with a total of 9,300 sqm of positive net absorption.

More information

Commercial Real Estate Investing 101

Commercial Real Estate Investing 101 Commercial Real Estate Investing 101 RealCrowd invest@realcrowd.com 2013 RealCrowd. All rights reserved. A better way to invest in real estate. What is RealCrowd? RealCrowd offers direct real estate investing

More information

COMMERCIAL REAL ESTATE INVESTING

COMMERCIAL REAL ESTATE INVESTING REDEFINING REAL ESTATE INVESTING CRE101: INTRODUCTION TO COMMERCIAL REAL ESTATE INVESTING COMMERCIAL REAL ESTATE INVESTING ABOUT REALCROWD RealCrowd is a private, secure and simple-to-use online platform

More information

Self-Storage Investment Trends to Watch. April 16, 2015

Self-Storage Investment Trends to Watch. April 16, 2015 Self-Storage Investment Trends to Watch April 16, 2015 Economic Outlook Underpins Self-Storage Sector Hiring Makes Steady Gains Supports Broader Economic Performance Quarterly Job Growth (Millions) 0.9

More information

Regional Markets for Office and Industrial Space

Regional Markets for Office and Industrial Space Regional Markets for Office and Industrial Space FEELING PAIN: REGIONAL MARKETS FOR OFFICE AND INDUSTRIAL SPACE I ve never seen anything like this in 36 years. Sharon Ryals-Taylor, Thalhimer Commercial

More information

Oklahoma City Office Market Leasing. Construction, Delivery, Net Absorption and Vacancy Rate. Oklahoma City Office Market Sales

Oklahoma City Office Market Leasing. Construction, Delivery, Net Absorption and Vacancy Rate. Oklahoma City Office Market Sales Fourth Quarter Office Market Report 03Executive Summary 04 04 04 05 06 07 07 09 10 12 National Economy Local Economy Oklahoma City Office Market Leasing Net Absorption and Inventory Rental Rates and Vacancy

More information

Oklahoma City Retail Market Leasing. OKC Retail Market Information by Submarkets. Construction, Delivery, Net Absorption and Vacancy Rate

Oklahoma City Retail Market Leasing. OKC Retail Market Information by Submarkets. Construction, Delivery, Net Absorption and Vacancy Rate 03Executive Summary 04 04 04 05 05 07 07 08 09 11 National Economy Local Economy Oklahoma City Retail Market Leasing Net Absorption and Inventory Rental Rates and Vacancy Rates OKC Retail Market Information

More information

National Property Type Cycle Locations. Industrial R&D Flex Retail Factory Outlet. 4th Qtr 2015. Source: Mueller, 2016

National Property Type Cycle Locations. Industrial R&D Flex Retail Factory Outlet. 4th Qtr 2015. Source: Mueller, 2016 Cycle Monitor Real Estate Market Cycles Fourth Quarter 0 Analysis February 0 Physical Market Cycle Analysis of All Five Major Property Types in More Than 0 MSAs. Gross Domestic Product (GDP) continued

More information

6 Units - Clearwater

6 Units - Clearwater 6 Units - Clearwater For more information contact: Brad Carter, CCIM 727-481-6842 bdcarter@tampabay.rr.com Phone: 727-481-6842 9225 Ulmerton Rd. Suite P Largo, FL 33771 www.tip-properties.com Real Estate

More information

Outlook for Australian Property Markets 2010-2012. Perth

Outlook for Australian Property Markets 2010-2012. Perth Outlook for Australian Property Markets 2010-2012 Perth Outlook for Australian Property Markets 2010-2012 Perth residential Population growth expected to remain at above average levels through to 2012

More information

Midtown South Manhattan Office MarketView

Midtown South Manhattan Office MarketView Midtown South Manhattan Office MarketView CBRE Global Research and Consulting LEASING ACTIVITY 1.1 MSF NYC UNEMPLOYMENT RATE (DEC. 1) 7.5% NYC OFFICE EMPLOYMENT (DEC. 1) 1,6, U.S. GDP CHANGE (Q 1) 4.1%

More information

Purchasing a Multi-Family Rental Building

Purchasing a Multi-Family Rental Building Purchasing a Multi-Family Rental Building New Construction vs. Older Existing There has been a lot of buzz in the Metro Vancouver real estate market regarding the construction of new rental apartment buildings

More information

The CoStar Retail Report

The CoStar Retail Report The CoStar Retail Report Y E A R - E N D 2 0 0 9 YEAR-END 2009 SALT LAKE CITY Table of Contents Table of Contents.................................................................... A Methodology........................................................................

More information

Peeling The Onion on Capitalization Rates

Peeling The Onion on Capitalization Rates The compression in cap rates during the 2005-2007 commercial real estate (CRE) bubble led to miscalculations on the part of many sophisticated investors in regards to exit valuations. As we quantitatively

More information

HIDDEN RISKS AND OPPORTUNITIES NAREIM - DALLAS CHRIS MACKE GLOBAL RESEARCH AND CONSULTING

HIDDEN RISKS AND OPPORTUNITIES NAREIM - DALLAS CHRIS MACKE GLOBAL RESEARCH AND CONSULTING HIDDEN RISKS AND OPPORTUNITIES NAREIM - DALLAS CHRIS MACKE GLOBAL RESEARCH AND CONSULTING Question 1 Where are we in the commercial real estate cycle? Property Fundamentals & Pricing: Much like the temperature

More information

Current Issues Note 27 Central London office market through the recession By Yeukai Muchenje and Nick Ennis

Current Issues Note 27 Central London office market through the recession By Yeukai Muchenje and Nick Ennis Current Issues Note 27 By Yeukai Muchenje and Nick Ennis copyright Greater London Authority November 2010 Published by Greater London Authority City Hall The Queen s Walk London SE1 2AA www.london.gov.uk

More information

ORGANIZATIONAL CHART FOR A TYPICAL LARGE REAL ESTATE COMPANY

ORGANIZATIONAL CHART FOR A TYPICAL LARGE REAL ESTATE COMPANY ORGANIZATIONAL CHART FOR A TYPICAL LARGE REAL ESTATE COMPANY Senior Management At the senior management level, a large real estate development company is much like any other large corporation, with a chief

More information

The Investor s Guide to REITs

The Investor s Guide to REITs by NAREIT Contents: p2. REIT Basics p2. REITs in the S&P Indexes p3. Fundamentals of REITs p4. Returns Delivered by REITs p4. Characteristics of REIT Investment p6. REIT Valuation p6. Benefits of Real

More information

>> New Construction Delivers to the Orange County Office Market

>> New Construction Delivers to the Orange County Office Market Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> New Construction Delivers to the Orange County Office Market Key Takeaways > Three new office developments were delivered to the

More information

Downtown Office Space Last updated: 1/10/2012

Downtown Office Space Last updated: 1/10/2012 Downtown Office Space Last updated: 1/10/2012 Note: Office market data in this report provided courtesy of CB Richard Ellis. Downtown s Office Market i Downtown Seattle makes up 44 percent of the office

More information

London Market Snapshot October 2015 10/15

London Market Snapshot October 2015 10/15 London Market Snapshot October 2015 10/15 Global Macro Overview Global equities experienced their sharpest falls since 2011, with most major markets moving into correction territory (a fall of more than

More information

Third Quarter Multi-Family Market Report 2014

Third Quarter Multi-Family Market Report 2014 Third Quarter Multi-Family Market Report 2014 National Economy The national economy is improving as it continues to the fourth quarter of the year, mainly driven by the sales of motor vehicle, business

More information

Overview of Florida Commercial Real Estate Markets

Overview of Florida Commercial Real Estate Markets Overview of Florida Commercial Real Estate Markets Presented to: January 25, 2007 Florida Overview Increasing population (4 th most populous state) Current population +/- 17.9 million 12.2% increase since

More information

CBRE Cap Rate Survey. A CBRE Publication. First Half 2014. Click to Enter

CBRE Cap Rate Survey. A CBRE Publication. First Half 2014. Click to Enter CBRE Cap Rate Survey A CBRE Publication pg 2 pg 8 pg 17 pg 26 pg 36 pg 41 pg 45 Click to Enter United States Key National Observations The CBRE Cap Rate Survey for mid-year 2014 points to meaningful declines

More information

Houston Medical Office Market Slowly Recovering

Houston Medical Office Market Slowly Recovering Q4 2011 COLLIERS HEALTHCARE SERVICES GROUP - Houston Texas HEALTHCARE MARKET COMMENTARY Houston Medical Office Market Slowly Recovering Houston Houston s medical office market closed 4Q 2011 with encouraging

More information

Milwaukee, WI 4th Quarter 2014 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION. In partnership with

Milwaukee, WI 4th Quarter 2014 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION. In partnership with Milwaukee, WI 4th Quarter 2014 OFFICE Market Trends COMMERCIAL REAL ESTATE INFORMATION In partnership with Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 Milwaukee

More information

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro OVERVIEW The Lyric ( Property ) is being offered for sale with an asking price of

More information

Market Report MANHATTAN OFFICE 1Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.7% 0.7pp -0.7pp N/A. Average Asking Rent ($/SF/YR)

Market Report MANHATTAN OFFICE 1Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.7% 0.7pp -0.7pp N/A. Average Asking Rent ($/SF/YR) Market Report MANHATTAN OFFICE Accelerating success. Quarter-to- Quarter Change Year-to- Year Change YTD 2015 ± % $ MANHATTAN Leasing Activity MSF Absorption SF Manhattan posted mixed results in 1Q 2015

More information

CBRE Cap Rate SURVEY. second Half 2014. A CBRE RESEARCH Publication

CBRE Cap Rate SURVEY. second Half 2014. A CBRE RESEARCH Publication CBRE Cap Rate SURVEY A CBRE RESEARCH Publication United States Overview Key National Observations Commercial real estate in the U.S. continues to be very attractive. The investment landscape also remains

More information

CRE PRICE RECOVERY CONTINUES WITH STRONG SHOWING IN NOVEMBER HEALTHY DEMAND FOR CRE BUOYS NET ABSORPTION AND PRICE GAINS

CRE PRICE RECOVERY CONTINUES WITH STRONG SHOWING IN NOVEMBER HEALTHY DEMAND FOR CRE BUOYS NET ABSORPTION AND PRICE GAINS CCRSI RELEASE JANUARY 2015 (With data through November 2014) CRE PRICE RECOVERY CONTINUES WITH STRONG SHOWING IN NOVEMBER HEALTHY DEMAND FOR CRE BUOYS NET ABSORPTION AND PRICE GAINS This month's CoStar

More information

Milwaukee, WI 1st Quarter 2015 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION. In partnership with

Milwaukee, WI 1st Quarter 2015 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION. In partnership with Milwaukee, WI 1st Quarter 2015 OFFICE Market Trends COMMERCIAL REAL ESTATE INFORMATION In partnership with Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 Milwaukee

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,

More information

Step 1: Determine the Size, Parameters and Construction Timeline for the Property

Step 1: Determine the Size, Parameters and Construction Timeline for the Property The Real Estate Development Process While real estate development models may look complex, the actual concepts are simpler than what you see for normal companies. Real estate development modeling is different

More information

Lents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon

Lents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon Lents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon Portland Development Commission January 2008 Draft Copy 9220 SW Barbur Boulevard Portland, Oregon 97219 503.636.1659 www.marketekinc.com

More information

Commercial Real Estate Vacancy Overview

Commercial Real Estate Vacancy Overview Commercial Real Estate Vacancy Overview RETAIL 4.63% 5.31% increase SUBURBAN OFFICE 18.2% 4.15% increase CBD OFFICE 12.75% 4.86% decrease INDUSTRIAL 5.69% 2.91% increase YEAREND 215 The Lexington commercial

More information

Recovery in UK property to gain momentum. Recovery in UK property market to gain momentum. Research & Strategy. June 2013. Economic growth recovering

Recovery in UK property to gain momentum. Recovery in UK property market to gain momentum. Research & Strategy. June 2013. Economic growth recovering Research & Strategy Recovery in UK property to gain momentum June 13 Recovery in UK property market to gain momentum This hasn t been a typical recession and it won t be a typical recovery. Nevertheless

More information

Widen. your investment horizon. Real Estate Investments

Widen. your investment horizon. Real Estate Investments Widen your investment horizon Real Estate Investments Agenda Market update Commercial Real Estate Processes to be followed Q & A Real Estate Trends A Snapshot Office Market Trends INDIA 4 Asia Pacific

More information

An Avison Young White Paper

An Avison Young White Paper An Avison Young White Paper DECEMBER 2013 Foreign Investment in U.S. Industrial Real Estate Markets Executive Summary As foreign investment continues to flow into the U.S. real estate market, the industrial

More information

Houston s Class A Medical Office Rental Rate Increases by 7.4% in First Half of 2012

Houston s Class A Medical Office Rental Rate Increases by 7.4% in First Half of 2012 MIDYEAR 2012 MEDICAL OFFICE COLLIERS HEALTHCARE SERVICES GROUP - Houston Texas HEALTHCARE MARKET COMMENTARY Houston Houston s Class A Medical Office Rental Rate Increases by 7.4% in First Half of 2012

More information

Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013

Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013 MEDIA RELEASE Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013 14 October 2013 The Directors of Keppel REIT Management Limited, as manager of Keppel REIT,

More information

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10

More information

Also, please note that annual K1s are expected to be mailed out on or before the week of April 6 th.

Also, please note that annual K1s are expected to be mailed out on or before the week of April 6 th. February 27, 2015 Dear Investor: We are pleased to provide the Semiannual Report of DeBartolo Opportunity Fund II, LP ( DOFII or the Fund ) covering the period of time from July 1, 2014 December 31, 2014.

More information

Orange County Office Market Report

Orange County Office Market Report FIRST QUARTER 2015 Orange County Office Market Report Partnership. Performance. Avison Young - Irvine 2030 Main Street, Suite 150 Irvine, CA 92614 949.757.1190 www.avisonyoung.com FIRST QUARTER 2015 Orange

More information

San Diego Retail MarketView

San Diego Retail MarketView San Diego Retail MarketView Global Research and Consulting VACANCY RATE 6. NET ABSORPTION 4, Sq. Ft. CONSTRUCTION 441, Sq. Ft. LEASE RATE $1.78 NNN UNEMPLOYMENT 5. *Arrows indicate change from previous

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were

More information

The first quarter was highlighted by:

The first quarter was highlighted by: Mercantile Bank Corporation Reports Strong First Quarter 2013 Results Diluted earnings per share increased 79 percent Continued asset quality improvement and outlook remains positive GRAND RAPIDS, Mich.,

More information

VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS

VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS Contact: Jerry Holdner Voit Real Estate Services (949) 263-5371 Jholdner@voitco.com VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS Orange County,

More information

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS ORANGE COUNTY INDUSTRIAL SECOND QUARTER 216 QUICK STATS Direct Vacancy 2.6% Overall Vacancy 2.7% Lease Rate NNN $.82 Gross Absorption Under Construction MARKET TRENDS Current Quarter 3,969,645 SF 41,668

More information

Global high yield: We believe it s still offering value December 2013

Global high yield: We believe it s still offering value December 2013 Global high yield: We believe it s still offering value December 2013 02 of 08 Global high yield: we believe it s still offering value Patrick Maldari, CFA Senior Portfolio Manager North American Fixed

More information

CBRE Cap Rate Survey. A CBRE Publication. Second Half 2013. Click to Enter

CBRE Cap Rate Survey. A CBRE Publication. Second Half 2013. Click to Enter CBRE Cap Rate Survey A CBRE Publication pg 2 pg 8 Multi-housing pg 17 pg 26 pg 36 pg 41 pg 45 Click to Enter United States The financial markets have seen a whirlwind of volatility in early 2014. In January,

More information

MBA Forecast Commentary Joel Kan

MBA Forecast Commentary Joel Kan MBA Forecast Commentary Joel Kan Mortgage Originations Estimates Revised Higher MBA Economic and Mortgage Finance Commentary: February 2016 In our most recent forecast, we presented revisions to our mortgage

More information

A Picture Worth 1,000 Words

A Picture Worth 1,000 Words Volume 24, No. 4, January 28, 2011 CWS CAPITAL PARTNERS LLC CWS Capital Partners LLC CALENDAR OF EVENTS Prior to March 2011 K-1 s Mailed April 13, 2011 CWS Capital Partners Annual Shareholder s Meeting

More information

COMMERCIAL PROPERTY PRICE INDICES SPRING FORWARD IN MAY

COMMERCIAL PROPERTY PRICE INDICES SPRING FORWARD IN MAY CCRSI RELEASE JULY 2015 (With data through May 2015) COMMERCIAL PROPERTY PRICE INDICES SPRING FORWARD IN MAY RECORD LEVELS OF CRE SPACE ABSORPTION SUPPORTED BROAD PRICE GAINS This month's CoStar Commercial

More information

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate.

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate. Real Estate Development Key Terms If you want to understand real estate development, you need to know the key terms used to describe properties whether you re developing the properties from the ground

More information

Canadian Tire: Value Under the Hood

Canadian Tire: Value Under the Hood Canadian Tire: Value Under the Hood May 2006 Pershing Square Capital Management, L.P. Disclaimer Pershing Square Capital Management's ("Pershing") analysis and conclusions regarding Canadian Tire Corporation

More information

HOLD. Ticker: MCD Sector: Consumer Services Industry: Restaurants and Bars. Recommendation:

HOLD. Ticker: MCD Sector: Consumer Services Industry: Restaurants and Bars. Recommendation: Ticker: MCD Sector: Consumer Services Industry: Restaurants and Bars Recommendation: HOLD Data: Price 52-wk high 52-wk low $54.23 (14-Sept-09) $65.47 (19-Sept-08) $45.79 (10-Oct-08) Market cap $59.18B

More information

Presented to: Presented by:

Presented to: Presented by: MIDYEAR UPDATE Commercial Real Estate & the Economy Presented to: Presented by: CBRE, INC. Michael Silver, SIOR First Vice President Industrial Brokerage Services July 25 th, 2013 July 2013: MARKET BUILDING

More information

THIRD-QUARTER 2015 NET INCOME OF $5.4 BILLION, OR $1.32 PER SHARE, AND ROTCE OF 12% EXCLUDING TAX BENEFITS, LEGAL EXPENSE AND NET RESERVE RELEASES 1

THIRD-QUARTER 2015 NET INCOME OF $5.4 BILLION, OR $1.32 PER SHARE, AND ROTCE OF 12% EXCLUDING TAX BENEFITS, LEGAL EXPENSE AND NET RESERVE RELEASES 1 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE REPORTS THIRD-QUARTER 2015 NET INCOME OF $6.8 BILLION, OR $1.68 PER SHARE,

More information

Discretionary Capital Expenditures. Discretionary Capital Expenditure. Presented by Byron Smith, CCIM

Discretionary Capital Expenditures. Discretionary Capital Expenditure. Presented by Byron Smith, CCIM Discretionary Capital Expenditures Discretionary Capital Expenditure Presented by Byron Smith, CCIM Discretionary Capital Expenditure Case Study Overview During the holding period of a commercial real

More information

Chart 2: Floor Space in Office Buildings Under Construction, 905 Area, Dec. 31

Chart 2: Floor Space in Office Buildings Under Construction, 905 Area, Dec. 31 The office real estate market remains robust in the Greater Toronto Area (GTA). However, taking a closer look at the two primary areas (city of Toronto and 905 area) that make up the GTA tells a different

More information

Real Estate Investment Newsletter July 2004

Real Estate Investment Newsletter July 2004 The Case for Selling Real Estate in California This month I am writing the newsletter for those investors who currently own rental properties 1 in California. In any type of investing, be it real estate,

More information

Market Analysis Retail Housing Office [CITY OF BERLIN MARKET ANALYSIS] City of Berlin, Wisconsin

Market Analysis Retail Housing Office [CITY OF BERLIN MARKET ANALYSIS] City of Berlin, Wisconsin 2013 Market Analysis Retail Housing Office [CITY OF BERLIN MARKET ANALYSIS] City of Berlin, Wisconsin Executive Summary Berlin is a community of roughly 5,500 residents, located along the Fox River in

More information

49.4 % 7 % 4.3 % 94.8 % NEWSLETTER MAY 2015 ANNUAL RENT GROWTH FROM ACQUISITION. AFFO PAYOUT RATIO (as at Q1/15) DISTRIBUTION YIELD

49.4 % 7 % 4.3 % 94.8 % NEWSLETTER MAY 2015 ANNUAL RENT GROWTH FROM ACQUISITION. AFFO PAYOUT RATIO (as at Q1/15) DISTRIBUTION YIELD NEWSLETTER Starlight U.S. Multi-Family (No. 2) Core Fund (the Fund ) is listed on the TSX Venture Exchange. The Fund is sponsored and asset managed by Starlight Investments Ltd. (the Manager ). The Fund

More information

SELF-STORAGE REPORT VIEWPOINT 2016 / COMMERCIAL REAL ESTATE TRENDS. irr.com. An Integra Realty Resources Publication

SELF-STORAGE REPORT VIEWPOINT 2016 / COMMERCIAL REAL ESTATE TRENDS. irr.com. An Integra Realty Resources Publication SELF-STORAGE REPORT VIEWPOINT 2016 / COMMERCIAL REAL ESTATE TRENDS An Integra Realty Resources Publication irr.com Self-Storage Steams Ahead The intense pace of multifamily development and demand are key

More information

commercial investment 2015 hampton roads real estate market review

commercial investment 2015 hampton roads real estate market review commercial investment 2015 hampton roads real estate market review Author Data Analysis Financial Support Disclosure J. Scott Adams, CCIM Regional President, Mid-South Region CBRE Hampton Roads Victoria

More information

Warsaw Office MarketView

Warsaw Office MarketView Warsaw Office MarketView H1 213 CBRE Global Research and Consulting OFFICE STOCK 4. M SQ M OFFICE VACANCY 1.5% OFFICE TAKE-UP 334, SQ M COMPLETION 152, SQ M UNDER CONSTRUCTION 7.8% Y-O-Y GENERAL OVERVIEW

More information

The Numbers Tell the Story. Jeremy Aguero Preview Las Vegas 2015

The Numbers Tell the Story. Jeremy Aguero Preview Las Vegas 2015 The Numbers Tell the Story Jeremy Aguero Preview Las Vegas 2015 #2 Population growth in the nation #2 Nevada 1.71% Nevada population 2,843,301 #1 North Dakota 2.16% #3 Texas 1.70% Source: United States

More information