Category: News and Trends

With data consumption skyrocketing, some major cloud providers anticipate the need to triple their data center infrastructure by 2020, reported JLL, Chicago.

Global institutional investors expect their commercial real estate investment allocations to rise, reported the Pension Real Estate Association, Hartford, Conn.

Some analysts have said commercial real estate is showing signs of being late in the game. But Avison Young Chair and CEO Mark Rose said the game could go into extra innings.

The U.S. economy expanded “modestly” between mid-November and early January, while commercial real estate activity remained stable, the Federal Reserve Beige Book reported.

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The commercial mortgage-backed securities delinquency rate closed out 2016 down 21 percent by balance from year-end 2015, but late-pays could reverse course in 2017, reported Fitch Ratings, New York.

Commercial real estate executives are especially bullish on industrial and multifamily assets in 2017, reported Altus Group, Toronto.

Last year saw near-record multifamily demand and strong occupancy despite rising completions, reported RealPage, Richardson, Texas. But rent growth is starting to slow.

The 2017 outlook for U.S. commercial real estate capital markets remains favorable, said CBRE, Los Angeles.

This year offers “mixed blessings” for U.S. hotels, with near-record occupancy levels projected but average daily room rates that will likely continue to level off, predicted CBRE Hotels, Atlanta.