Voracious global demand for e-commerce fulfillment and distribution centers fueled a 2.8 percent year-over-year increase in prime logistics rents globally–led by double-digit gains in U.S. coastal markets–reported CBRE, Los Angeles.
Category: News and Trends
C&W: Strong Fundamentals Point to ‘Robust’ Second Half
Commercial real estate fundamentals should continue to strengthen as the economy maintains its moderate growth path, said Cushman & Wakefield, New York.
Moody’s: CRE Supply/Demand Remains Steady
Commercial property market supply/demand fundamentals held steady in late 2015 consistent with balanced construction and absorption, reported Moody’s Investors Service, New York.
M&M: Labor Market Could Boost Offices, Apartments
Though April did not add much to U.S. payrolls, the labor market remains in sound condition and could benefit offices and apartments, said Marcus & Millichap, Calabasas, Calif.
MBA Chart of the Week: Multifamily Mortgages on the Books of Commercial Banks
Commercial banks continue to add multifamily mortgages to their balance sheets at a strong clip.
Hotel Revenue, Profits Increase While Transactions Slow
U.S. hotel industry revenue topped $189 billion in 2015, up nearly $14 billion from 2014, reported STR, Hendersonville, Tenn.
Offices Could See Stronger Demand
The office market slowed slightly in early 2016. But as financial markets stabilized later in the first quarter, office-using job growth accelerated, which could signal stronger tenant demand to come, analysts said.
Reis: 1Q Commercial Construction Contracts
Commercial real estate construction contracted slightly during the first quarter compared to the previous three quarters but remains healthy, reported Reis, New York.
CRE Executives Growing Cautious
After seven years of a strong bull market, some commercial real estate executives express caution about what lies ahead, reported law firm DLA Piper, New York.
Trepp: CMBS Delinquencies ‘Barely Budge’
The commercial mortgage-backed securities delinquency rate held steady in April, increasing just one basis point to 4.23 percent, reported Trepp, New York.
