Category: News and Trends

Commercial real estate construction and leasing strengthened since mid-October, the Federal Reserve reported yesterday.

Major-market hotels are experiencing improved average daily rate performance as they prepare for the holiday season, reported TravelClick, New York. But new bookings added over the last month fell.

Northern California holds nine of the top 15 most expensive technology submarkets; many tech firms now look to locate in other zip codes, reported JLL, Chicago.

Asia-Pacific institutional investors could pump an additional $240 billion into world property markets by 2020, which would bring their global real estate allocation to $500 billion, said CBRE, Los Angeles.

Manhattan’s Fifth Avenue remained the most expensive global retail location as Upper Fifth Avenue rents reached $3,500 per square foot, reported Cushman & Wakefield, New York.

Annual apartment rent appreciation slowed for the third consecutive month in October as more apartments came online, reported Zillow, Seattle.

The relationship between commercial real estate value and price is shifting to a fully priced market, and in some cases, prices outpace the underlying valuation assumptions, reported Situs RERC, Houston.

The growing debate regarding whether commercial real estate prices approach bubble territory needs to include smaller-market and small-cap assets to be accurate, said Randy Fuchs, principal with Boxwood Means, Stamford, Conn.

Hotels that convert from one brand to another generally see improved occupancy, revenue and profit, reported Cornell University, Ithaca, N.Y.

Commercial real estate operating fundamentals continue to look favorable, reported Wells Fargo Securities, Charlotte, N.C.