Propped-Up Property Prices? Latest Coronavirus Relief Package Could Keep Trend Going

Ken Ward Economic Trends

Experts Warn Government Stimulus Could Be Artificially Inflating Values President Biden, center, Vice President Kamala Harris, left, and Treasury Secretary Janet Yellen met with business leaders at the White House this week.  (Pete Marovich/The New York Times/Bloomberg via Getty Images) The Biden administration’s push for a $1.9 trillion pandemic relief package could provide a new boost for commercial property prices, …

US Office Market Weakens, yet Still Holds Appeal for Long-Term Investors

Ken Ward Business Trends

Commerz Real, whose most recent U.S. purchase was 1330 W. Fulton St. in Chicago, would like to expand its American office holdings. (CoStar) Rising Vacancies, Falling Rents Projected to Continue with Rebound Beginning Next Year Demand for office space fell sharply in the second half of last year, and the pandemic’s effect on the commercial real estate sector is seen …

Oregon Investor Pays Record Price for Offices in South Orange County, California

Ken Ward Economic Trends

Strength of Life Science Industry Lifts Office Performance in Region Private real estate investor BPM Real Estate Group bought a four-story office in Aliso Viejo, California, for $59 million, the priciest office sale on record in the south Orange County, California, master-planned community. AEW Capital Management, based in Los Angeles, sold the 111,391-square-foot One Enterprise building on 7.3 acres at …

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 …