Rising Rents Seep Into Affordable Cities Nationwide

Ken Ward Business Trends

Smaller Cities Surpass Bigger Counterparts on Rent Growth as Demand Increases Apartment rental rates are climbing nationwide. Photo: CoStar The rising rents that are making apartments less affordable in the largest U.S. cities are headed toward smaller, less expensive markets that serve as refuges for tenants seeking lower payments, industry analysts and executives say. It’s a sign even fewer cities …

Strong US Job Growth Seen as a Positive Sign for Commercial Property

Ken Ward Economic Trends

But Pressure to Cut Interest Rates May Ease After Payrolls Grew More Than Expected The U.S. labor market’s addition of 224,000 net new jobs in June, blowing past expectations and marking the nation’s 104th month of uninterrupted employment gains, is seen as a positive sign for commercial real estate. The national employment report released by the U.S. Department of Commerce …

With Demand Drivers in Place, U.S. Office Market Expected to Continue Cruising into 2018

Ken Ward Business Trends

Despite Deceleration in Occupancy and Rent Growth, Increased Office Supply Expected to Track with Demand The U.S. office market continued to benefit from strong fundamentals going into 2018, despite continued deceleration in net absorption, occupancy and rental rate growth. With robust corporate profits and continued office-using job growth, that trend is expected to hold through the year as the recently …

Updated: Banks Close Record Amount of Branches in 2017

Ken Ward Economic Trends

Increased Technology Spending Accelerating Pace of Closures Somewhat lost in the wave of store closure announcements last year was news that another major user of retail space abandoned a record amount of square footage. U.S. banks accelerated their pace of branch consolidation last year, closing a net 2,069 locations, an 18% increase over the net number closed in 2016. The …

“Typical real estate broker processing, costs companies millions in Corporate Real Estate leasing expense”

Ken Ward Business Trends

“How to avoid forfeiting millions to your Landlord during a lease renewal or a new facility lease negotiation” For more than four decades, the overwhelming majority of professionals working throughout the commercial real estate industry have been and continue to be employed by landlords. Every year thousands of property managers, architects, contractors, construction professionals, and national real estate brokers, aggressively …

U.S. Office Vacancy Rises for First Time Since 2010 as Construction Peaks and Rent Growth Slows

Ken Ward Business Trends

Though Office Rent Growth Clearly Decelerating, Occupancy  and RentsRemain at Highest Absolute Levels on Record The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010. Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers added an …

Landlord Tactics Adjusted to Meet Investor Demand

Ken Ward Business Trends

Flood of Big Money Chasing Multi-Property Deals Resulting in Single-Asset Sales Set Aside in Favor of Bundled Package Offerings A decade after the largest commercial real estate transaction on record, a torrent of global capital chasing a limited number of large real estate portfolios is fueling a shift in sales tactics following years of investment volumes skewed toward sales of …

Tax Reform and Deregulation versus Impact of Higher Interest Rates

Ken Ward Economic Trends

Seyfarth Shaw Survey Finds Positive Outlook Stemming from New Administration’s ‘De-regulate and Dismantle’ Approach to Dodd-Frank With a commercial real estate executive now in the White House, more than two-thirds of the CRE executives (69%) surveyed by law firm Seyfarth Shaw said they expect President Trump will have an overall positive impact on commercial real estate in 2017. Rising interest …

Increasingly Broad-Based Office Recovery Leads to Sunbelt Growth Markets Shine in Third Quarter

Ken Ward Business Trends

Drawn Out Office Recovery Expected to Last Another Two Years Driven by Steady Job Growth in Former Housing Bust, High Population U.S. Metros Driven this year by solid office demand growth in Sunbelt markets across the country, the national office occupancy rate is expected to increase into 2018 as such metros as Phoenix, Los Angeles, Atlanta and Miami enjoy net …