Market Demands More Investment Product
|
|
- Elmer Burke
- 5 years ago
- Views:
Transcription
1 Research & Forecast Report CHARLESTON INVESTMENT Q Market Demands More Investment Product Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Investors are seeking opportunities for return-on-investment in secondary and tertiary markets, leading to the growing institutionalization of the Charleston investment market. > > Development is increasing across multiple property types. Developers are seeing more liquidity as the market becomes a hotbed for institutional investors. > > While investment velocity remains strong and real estate fundamentals remain favorable, supply of investable product is not growing at the same rate, causing an increase in property prices. Investment Sales Continue to Trend Upward Investment sales in Charleston reached $239.3 million for the first half of 2016, considerably lower than the $365.7 million of investment sales in the first two quarters of Lack of existing investable product is causing slower investment activity; however, interest from institutional and private investors remains strong. Charleston is gaining the attention of more institutional investors looking for steady and secure cash flow investments, due in part to the shift of investors from saturated and competitive primary markets to secondary and tertiary markets. Driving investments are the strengthening economy, booming population and favorable market conditions. Stable capitalization rates and high occupancy and rental rates are in turn creating a lower-risk environment with higher returns than other comparable secondary and tertiary markets. About 35 people a day are moving to the region, making it one of the fastest-growing metropolitan areas in the nation. Since the turn of the century, nearly 200,000 people have moved to the three-county area. Employment has jumped 28 percent over that same period, driven by tourism, defense contractors, the automotive sector (Daimler-Benz and Volvo) and the construction of Boeing s first production facility outside of the Seattle area. Market Indicators Relative to prior period Q Q SALES VOLUME ($) AVG. PRICE PER SF CAP RATES INVESTOR INTEREST Charleston, SC Investment Sales Volume ($) by Property Type 2015 Multifamily $105.2 million 44% Shopping Centers $56.8 million 23.7% Source: Real Capital Analytics, CoStar Total Sales $ million Hotel $3.2 million 1.3% Industrial $33.5 million 14% Office $40.6 million 17%
2 Robust Developer Activity The strengthening local economy and booming population are driving demand and creating high occupancy and rental rates across the retail, multifamily, office and industrial property markets. In turn, developers are showing increased interest in the Charleston markets. Construction in Charleston is at record-high levels, with projects being developed across all property types. Some developers are renovating and repurposing older buildings in the market to quickly deliver investable product to a market that is currently under supplied. Developers are able to find more liquidity in the Charleston market as interest from institutional investors heightens. Institutional investors are looking to Charleston for opportunities to purchase secure cash flows. Charleston offers safe investment opportunities in retail, hotel, multifamily, office and industrial real estate as the population continues to skyrocket and the local economy is thriving, especially the tourism industry. Low Supply of Investable Product While investment velocity remains strong and real estate fundamentals remain favorable, investment sales are starting to slow. Developer activity also remains strong, but supply of investable product is not growing at the same rate as investor demand. As real estate becomes more limited, asking prices for the remaining investable products, from land to existing real estate, are escalating. Construction costs are rising as well, as the demand in the construction industry for labor and materials tightens in Charleston. These factors are increasing the level of entry and raising demand amongst investors. Daniel Island Town Center Retail Daniel Island Town Center Retail Shopping Center Sales Job creation, a strong local economy, residential development and population growth are attracting national retailers to the Charleston market, as well as shoppers, tenants and investors. As a result, shopping centers are seeing record-high occupancy and rental rates are exceeding record levels. At the current pace of population expansion, nearly 60,000 new residents will call the region home by The region continues to be the world s highest-ranking tourist destination, with millions of visitors a year. Combined, this potent combination will fuel retail growth market-wide. During the first half of 2016, seven shopping centers traded hands and several are expected to turn over to new owners as the renovations on the properties are completed. > > Wheeler Real Estate Investment Trust purchased a 15-property portfolio in April for $71 million. Three of the properties were in Charleston, including the 43,400 square-foot Folly Road Crossing and 52,600 square-foot Ladson Crossing, all former Piggly Wiggly-anchored shopping centers. > > The 141,300 square-foot West Ashley Shoppes, located at 946 Orleans Road, sold to Tabani Group, a Dallas-based commercial investor, for $15.5 million, or $110 per square foot. The shopping center is anchored by Ross, Bed, Bath & Beyond and World Market. West Ashley Shoppes Retail 2 South Carolina Research & Forecast Report Q Charleston Investment Colliers International
3 > > Daniel Island Town Center is a 68,700 square-foot shopping center located at 162 Seven Farms Road. In February, it was purchased for $13.8 million by Publix Supermarkets Inc. 17 South Multifamily Hotel Sales A strong tourism industry coupled with a growing business sector are driving interest in hotel properties. Hotel occupancy is high and room rates are higher than those of the past. In 2015, eight hotels traded hands, totaling $62.7 million, or approximately $80,000 per room. Since January of 2016, only one hotel has sold, the 10-room King George IV Inn. The hotel is located at 32 George Street and was purchased by the College of Charleston for $3.2 million, or $320,000 per room. Multifamily Sales Nine multifamily communities totaling $105.2 million in value traded in the first half of 2016, accounting for a significant portion of the investment sales market. This is due to the strengthening local economy, and a booming population causing rising occupancy and rental rates and a strong demand for quality apartments. > > In June, VTT Management, Inc. out of Boston purchased five multifamily communities totaling 1,049 units for $50 million. The properties included Brentwood Townhomes, Brandywine Townhomes and Pine Harbour Apartments in Goose Creek; Colony Square Apartments in Hanahan; and Moss Creek Apartments in West Ashley. > > 17 South, a 220-unit complex on Marginal Road, sold to New York-based Kaled Management for $8.2 million in May. > > The Abbey, with 19 units located at 231 Coming Street, sold in March to James Towne Village LLC for $5.4 million. > > In February, the 240-unit Arbor Village Apartments sold to Arbor Village Property Owner LLC for $31.8 million. > > AMCS Management purchased James Towne Village, located at 3 Saw Grass Road, for $9.8 million in January. Office Sales Landlords and investors are placing capital in office buildings to attract interest from new tenants. Higher occupancy rates and average asking rental rates are encouraging investment as well. Charleston s office market reached an occupancy rate of 91.2%, and the average asking rental rate was $23.32 per square foot per year at the end of the second quarter of Seven office investments occurred during the first half of 2016, equaling $40.6 million, and two of those sales were medical office buildings. > > 288 Meeting Street, a 28,400 square-foot class A office building, sold for $11,750,000 to The Turtle Factory Building Corp in June. > > Agracel Inc. purchased 2387 Clements Ferry Road for $6.8 million, or $ per square foot, in February. The 34,000 square-foot, class B office building was built in Source: EYC Companies Arbor Village Apartments Multifamily Source: YardiMatrix 288 Meeting Street Office 3 South Carolina Research & Forecast Report Q Charleston Investment Colliers International
4 > > 4130 Faber Place Drive, a 54,250 square-foot, Class A office building in the North Charleston submarket, sold for $6,475,000 to an out of town investor. The building is now under renovations that will increase the asking rental rate. > > HTA purchased 2575 Elms Center Road, a 22,248 square foot medical office building, for $6,170,000 in February. > > Northwoods Center Business Park, a Class C office park of four buildings totaling 54,000 square feet, sold for $3,525,000 to Thaynes Capital Northwoods LLC. Industrial Sales Five industrial properties were acquired as investments since January 2016, totaling $33.5 million in sales volume. The industrial market in Charleston is strengthening and continuously attracting capital investment from companies both new and existing in the market. Capital investments include Viva Holdings Group, Inc., ThyssenKrupp Industrial Services NA and NABAS Group Inc. Viva Holdings, a rubber and plastics products manufacturer, invested $28 million and will create 200 new jobs. Industrial inventory is expanding as 563,000 square feet delivered and 673,000 square feet are under construction and set to deliver over the next 18 months. > > A 131,803 square-foot industrial facility located at 211 Farmington Road in Summerville was acquired by an investor for $4.75 million, or $36 per square foot, early in the first quarter. > > The 171,900 square-foot industrial facility at 2550 Highway 52 and 2486 Highway 52 sold to JL Woode for $8.8 million. > > CenterPoint Properties purchased the 342,926 square-foot building at 1124 Newton Way in Berkeley County as part of a three-property investment portfolio for $62.1 million. The other two properties were in Georgia and Alabama. End of Year Outlook Investors are finding a lack of investable products in the Charleston market, leading to increased demand for existing and off-market offerings and record breaking sale prices. Developers will continue to be attracted to Charleston due to the rapid population growth, strengthening job market and the demand for new developments. Investable product is not currently meeting the capital market demand of lenders or investors. As the development projects currently under construction are completed, more investors will find opportunities for secure and stable investment in Charleston. A shifting global investment market as well as a thriving local economy and a booming population will continue to attract future investors Year-to-Date Investment Sales Market Summary Statistics Charleston, SC PROPERTY TYPE NO. SALES TOTAL SALES VOLUME ($) Retail 7 $56,799,190 Hotel 1 $3,200,000 Multifamily 9 $105,200,000 Office 7 $40,595,000 Industrial 3 $33,500,000 Market Total 27 $239,294,190 Source: Real Capital Analytics 4130 Faber Place Drive Office 1124 Newton Way Industrial For more statewide commercial real estate news check out our market reports at: 4 South Carolina Research & Forecast Report Q Charleston Investment Colliers International
5 502 offices in 67 countries on 6 continents United States: 140 Canada: 31 Latin America: 24 Asia Pacific: 199 EMEA: 108 $2.5 billion in annual revenue 2 billion square feet under management FOR MORE INFORMATION: Liz H. McCary Director of Marketing South Carolina Liz.McCary@colliers.com Bryana Mistretta Research Coordinator South Carolina Bryana.Mistretta@colliers.com Scott Rogers, CCIM, SIOR Senior Brokerage Associate Scott.Rogers@colliers.com Hagood Morrison, ASC Brokerage Associate hs.morrison@colliers.com Colliers International Charleston 25 Calhoun Street, Suite 220 Charleston, South Carolina USA ,000 professionals and staff About Colliers International Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals Global Outsourcing for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com or follow us on Twitter (@ColliersIntl) and LinkedIn. colliers.com Copyright 2015 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
Quick Absorption of Newly Constructed Office Buildings
Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526
More informationStrengthening Market Fuels Investment Opportunities
Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities
More informationInvestor Activity Spurs New Opportunities
Research & Forecast Report GREENVILLE ANDERSON SOUTH CAROLINA OFFICE Q1 017 Investor Activity Spurs New Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Activity from
More informationLandlords Getting Aggressive
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2017 Landlords Getting Aggressive Ron Anderson Vice President of Administration South Carolina Key Takeaways > > Landlords
More informationVacancy Increased Slightly During the First Quarter
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2016 Vacancy Increased Slightly During the First Quarter > Vacancy rates have been steadily declining since the fourth quarter of 2011.
More informationGreenville defies the nationwide trend of retail closures
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q3 2017 Greenville defies the nationwide trend of retail closures Crystal Baker Research Coordinator South Carolina Key Takeaways >
More informationNew and improved approach to retail
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q4 2017 New and improved approach to retail Crystal Baker Research Coordinator South Carolina Key Takeaways > > Rents remain stable
More informationLow Vacancy Stimulates New Developments
Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2015 Low Vacancy Stimulates New Developments > > Multifamily vacancy dipped below 5 percent in the third quarter of 2015 ELECTRIC Meter Hookups NEW HOME
More informationSoft Land Market in 2017
Research & Forecast Report LAND Q4 217 Soft Land Market in 217 > > Land sales in 217 fell behind 216 > > A lack of large sales at Apex brought the average price per square foot up > > Strong development
More informationOffice Market Continues to Improve
Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of
More informationMedical Takes a Sick Quarter
Research & Forecast Report LAS VEGAS MEDICAL OFFICE Q3 2015 Medical Takes a Sick Quarter > > After two quarters of growth, the medical real estate sector stalled in the third quarter of 2015 > > Asking
More informationCaution: Vacancy Increases Ahead
MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC
More informationLand Sales Lighter in Third Quarter
Research & Forecast Report LAND Q3 216 Land Sales Lighter in Third Quarter > > While land sales are up in 216 overall, they decreased in the third quarter Economic Indicators > > Apex continues to dominate
More informationMixed-Use Dominates Downtown Development
Research & Forecast Report GREENVILLE, SC OFFICE Q4 2016 Mixed-Use Dominates Downtown Development Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Mixed-use development has succeeded
More informationShrinking Supply Continues To Push Rates
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2017 Shrinking Supply Continues To Push Rates > Office inventory: 8,221,819 > Vacancy: 10.5 percent > Net absorption: 49,103 year-to-date
More informationSilicon Harbor - The Port of Call for the 21 st Century
Research & Forecast Report CHARLESTON, SC OFFICE Q4 2016 Silicon Harbor - The Port of Call for the 21 st Century Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Silicon Harbor is
More informationVACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20
Research & Forecast Report RENO OFFICE Q4 A Good Year Overall > Building sale prices are significantly higher than. > Seven buildings over 40,000 sf sold in, more than in previous years. > Many large office
More information2018: A Ground Breaking Year
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern
More informationEverything Old is New Again
MARKET REPORT OFFICE Second Quarter 2016 Everything Old is New Again Market Indicators Q2 2016 2017 (Projected) While the global economy remains on its Jekyll and Hyde path, the District s commercial real
More informationThe Improvement of the Industrial Market
Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island
More informationSwitching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2017 Switching Gears > > Office Inventory: 16,926,446 square feet > > Vacancy: 14 percent > > Net absorption: (562,879) square feet, year to date
More informationGreenville is a tenant s market
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2018 Greenville is a tenant s market Crystal Baker Research Coordinator South Carolina Key Takeaways > > Large blocks
More informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More informationMANHATTAN OFFICE 2017
Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24
More informationRALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report.
Research & Forecast Report RALEIGH- MULTIFAMILY MIDYEAR 2015 Demand at an All-Time High, Skyrocketing Same-Unit Rents Market Indicators Relative to prior period VACANCY Raleigh-Durham JAN 2015 Raleigh-Durham
More informationVacancy Edges Lower in Fourth Quarter
Research & Forecast Report FAIRFIELD OFFICE Q4 Vacancy Edges Lower in Fourth Quarter > > Office Inventory: 5,067,112 > > Current Vacancy: 14.2% > > Net Absorption: 63,610 The vacancy rate for office space
More informationRALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report.
Research & Forecast Report RALEIGH-DURHAM MULTIFAMILY Q4 2015 Unprecedented Investment Sales Crush All-Time Records in 2015 Market Indicators Relative to prior period - Q4 2014 - Q4 2015 Emily Bostic Research
More informationRed Hot Rents & Cooling Vacancy
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square
More informationStrong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016
Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with
More informationLeasing Activity Ticked Up with A Large Upswing of Absorption
Research & Forecast Report LONG ISLAND INDUSTRIAL MARKET Leasing Activity Ticked Up with A Large Upswing of Absorption Rose Liu Director of Finance & Research Long Island Takeaways > > The outlook of the
More information2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS
Market Report METRO DENVER OFFICE Q4 2017 2017: A Solid Year for the Metro Denver Office Sector MARKET OVERVIEW Denver s office market finished 2017 with strong positive absorption during the fourth quarter
More informationStronger Office Market Looking Into Future
Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and
More informationThe Office Market Feels The Heat in Q2
Research & Forecast Report RENO OFFICE Q2 2017 The Office Market Feels The Heat in Q2 >>All major office submarkets have decreased vacancy and positive absorption this quarter >>The overall vacancy decreased
More informationMultifamily Stable and Expanding
Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2017 Multifamily Stable and Expanding > > Multifamily vacancy decreased to 3.0 percent in the second quarter of 2017 Economic Indicators > > No new projects
More information+48.6 million sf office inventory
Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative
More informationThe Industrial Market Cooled Off in Q1
Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed
More informationOffice Market Heats Up as Temperatures Cool
Research & Forecast Report RENO OFFICE Q3 2017 Office Market Heats Up as Temperatures Cool >>Vacancy decreased to 11.8% >>Positive net absorption of 36,041 square feet >>Construction is imminent with limited
More informationRALEIGH-DURHAM OFFICE
Research Report RALEIGH-DURHAM OFFICE Q2 2018 Accelerate Success Triangle Continues to Grow, Future Office Deliveries Expected to Drive Leasing Activity Kelsey Rogers Research Analyst Raleigh- Key Takeaways
More informationLegal Industry: Bigger No Longer Better
MARKET REPORT DISTRICT OF COLUMBIA OFFICE First Quarter 2017 Legal Industry: Bigger No Longer Better After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two
More informationSurging Rents Carry the North I-680 Corridor
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2018 Surging Rents Carry the North I-680 Corridor > > Office Inventory: 16,967,009 Square Feet > > Vacancy: 15.4 percent > > Net absorption: (103,748)
More informationA tight Columbia market may lead to office transformation
Research & Forecast Report COLUMBIA, SC OFFICE Q3 2018 A tight Columbia market may lead to office transformation Crystal Baker Research Coordinator South Carolina Key Takeaways > > The Columbia office
More informationRALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report.
Research & Forecast Report RALEIGHDURHAM MULTIFAMILY MidYear 2018 Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand Ed Finley Research Analyst RaleighDurham Market Indicators Relative
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationTesting the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST
Research & Forecast Report ST. LOUIS OFFICE Second Quarter 2017 Testing the Waters In the second quarter 2017, an increasing number of Class A office property owners have begun testing the waters and placing
More informationOffice Market Remained Steady in Q4
Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long
More informationIndustrialists and landlords to brace for challenges in 2016
Research & Forecast Report SINGAPORE INDUSTRIAL Q1 2016 Industrialists and landlords to brace for challenges in 2016 Doreen Goh Associate Director, Research and Advisory Leasing activities in the industrial
More informationWeighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2018 Weighing Options > > Office Inventory: 16,966,736 square feet > > Vacancy: 15 percent > > Net absorption: (35,823) square feet, year to date
More informationRALEIGH-DURHAM MULTIFAMILY Year End 2017
Research Report -DURHAM MULTIFAMILY Year End 2017 Multifamily Growth Expected to Continue in 2018, Despite a Moderate Decrease in Permitting Totals Emily Bostic Research Analyst Raleigh-Durham Key Takeaways
More informationHolding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q2 2018 Holding Steady > > Office Inventory: 16,998,288 Square Feet > > Vacancy: 14.5 percent > > Net absorption: 25,027 square feet year-to-date
More informationNew Construction Offers Hope to Larger Users
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 2017 New Construction Offers Hope to Larger Users > Vacancy rates in the Tri-Valley industrial market are now down to a record 0.9 percent
More informationSolid Fundamentals Keep Nashville Industrial Market Competitive in 1Q
Research & Forecast Report NASHVILLE INDUSTRIAL 1st Quarter Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q 1Q Summary >> Nashville s industrial vacancy rate increased slightly in
More informationThe Rise of the Gold Coast
Research & Forecast Report Long Island OFFICE MARKET Q1 2015 The Rise of the Gold Coast Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B In the first quarter of 2015, Long Island
More informationSharper fall in office rents and capital values
Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few
More informationOverall Industrial Market Off to Solid First Quarter; Flex Market Rebounding
Research & Forecast Report RALEIGH-DURHAM INDUSTRIAL Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Emily Bostic Research Analyst Raleigh-Durham Key Takeaways > > The Triangle
More information>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report
Research & Forecast Report CHICAGO BIG BOX First Quarter 018 Big Box Vacancy Decreases for First Time in Two Years Craig Hurvitz Vice President Chicago The vacancy rate for the Chicago market s big box
More informationLUTON Investor Information
LUTON Investor Information LUTON Investor Information LUTON OVERVIEW Credited as one of the country s top five most affordable towns and one of the fastest growing areas for business and regenerative growth,
More informationOh Midsize Spaces, Where Art Thou?
Research & Forecast Report RENO INDUSTRIAL Q1 2018 Oh Midsize Spaces, Where Art Thou? > > Vacancy decreased to 5.38% > > 919,515 square feet of Gross Absorption > > Industrial land is becoming the next
More informationNashville the #5 Market to Watch in 2019
Research & Forecast Report NASHVILLE INDUSTRIAL 4 th Quarter Nashville the #5 Market to Watch in 2019 Industrial Market The industrial real estate sector is currently undergoing one of the greatest expansionary
More informationRALEIGH-DURHAM OFFICE Q1 2017
Research & Forecast Report RALEIGH-DURHAM OFFICE Q1 2017 Office Market Remains Stable During First Quarter 2017; Class A Market Continues to Peak Emily Bostic Research Analyst Raleigh-Durham Market Indicators
More informationQuiet Start to Second Half of 2017
Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Quiet Start to Second Half of > The vacancy rate for the Tri-Valley continued its downward slope closing the quarter at 10.0 percent > Weighted
More informationOpportunities Continue to Elude Users
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL 2018 Opportunities Continue to Elude Users > Tri-Valley industrial market vacancy inched upward to 1.5 percent > The weighted average asking
More informationPicked Over. ALBUQUERQUE, NM Q Industrial. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period
Research & Forecast Report ALBUQUERQUE, NM Q4 20 Industrial Picked Over Key Takeaways > > Owner user acquisitions strong > > Supply tightens > > New construction projects gaining more momentum The appetite
More informationWith Low Vacancy, What Is Next?
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 With Low Vacancy, What Is Next? > Vacancy rates continue to fall, reporting 5.4 percent for the third quarter. > Asking rates climb to $0.72
More informationDisappearing Vacancy PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report. Market Indicators - Tri-Valley 77.
Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Disappearing Vacancy > The office market vacancy continued its downward trend to 9.3 percent > Overall market weighted average asking rents held
More informationThe Woodlands office submarket snapshot
Gosling Rd. Research Snapshot THE WOODLANDS OFFICE Q2 218 office submarket snapshot Lisa Bridges Director of Market Research Houston Once again, office submarket performed well over the quarter, posting
More informationChanging of the Guard
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q1 2018 Changing of the Guard > > Office Inventory: 16,931,340 square feet > > Vacancy: 14.5 percent > > Net absorption: (88,606) square feet year-to-date
More informationVacancy Inches Higher, Despite Continued Absorption
Research & Forecast Report GREATER PHOENIX OFFICE 1Q 2017 Vacancy Inches Higher, Despite Continued Absorption Key Takeaways > > Improving conditions in the Greater Phoenix office market took a pause in
More informationOffice Leasing Activity Hits a Road Bump In Omaha and Nationally
Research & Forecast Report OMAHA OFFICE Fourth Quarter 2017 Office Leasing Activity Hits a Road Bump In Omaha and Nationally In the fourth quarter of 2017, the Omaha office market experienced negative
More informationGaining Traction Gradually in 2018
Research & Forecast Report RENO OFFICE Q1 2018 Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained
More informationRaleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come
Research Report RALEIGH-DURHAM INDUSTRIAL Q1 2018 Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Key Takeaways > > The demand for industrial space in the Raleigh-Durham
More informationLexington coins a new identity
Research & Forecast Report COLUMBIA, SC RETAIL Q4 2017 Lexington coins a new identity Crystal Baker Research Coordinator South Carolina Key Takeaways > > Average triple net core area rental rates slowly
More informationNew development will attract retailers
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q2 2018 New development will attract retailers Crystal Baker Research Coordinator South Carolina Key Takeaways > > Retail space within
More informationSpecialized retail remains successful
Research & Forecast Report COLUMBIA, SC RETAIL Q2 2018 Specialized retail remains successful Crystal Baker Research Coordinator South Carolina Key Takeaways > > Average retail market rental rates gradually
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial Q1 2016 Accelerating success. Industrial Estate Sector Industrial land sales tapered off with most high performing industrial estates reporting that sales
More informationWith Vacancy Low, Rents Pushing Higher
Research & Forecast Report GREATER PHOENIX MULTIFAMILY 3Q 2 With Low, Pushing Higher Key Takeaways > > The Greater Phoenix multifamily market strengthened somewhat during the third quarter, with vacancy
More informationResearch Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators
Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3 Research Wisconsin Introduction NORTHWEST With one of the biggest investments made by a foreign company to the United States, Q3 started
More information>> Vacancy Falls To Lowest Rate Ever
Research & Forecast Report San Gabriel VALLEY INDUSTRIAL Accelerating success. >> Vacancy Falls To Lowest Rate Ever Key Takeaways Market Indicators Relative to prior period Forecast Construction Rental
More information>> Orange County Market Gains Positive Momentum
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Market Gains Positive Momentum Key Takeaways > The Orange County office market saw positive demand for third quarter
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial Q4 Accelerating success. During, only one industrial estate in Bekasi added to the supply of industrial land with 20 additional hectares. Nevertheless, a large
More informationStrong Absorption Drives Down Vacancy to Start 2017
Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,
More information>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More informationSleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators
Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q4 Sleepy Close to > Tri-Valley vacancy reported 10.4 percent, up slightly from the previous quarter > Weighted average asking rents remained flat
More informationRents Spike, Brightening the Second-Half Outlook
Research & Forecast Report GREATER PHOENIX MULTIFAMILY Q2 217 Rents Spike, Brightening the Second-Half Outlook Key Takeaways > > The Greater Phoenix multifamily market recorded an active first half of
More informationNo Where To Grow. ALBUQUERQUE, NM Q Retail. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period
Research & Forecast Report ALBUQUERQUE, NM Q2 20 Retail No Where To Grow Key Takeaways > > Supply of anchor spaces becoming scarce > > Renovations help to alleviate lack of new projects > > New projects
More informationAvailable Scarcity: Looking for Space in 2016
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q4 Available Scarcity: Looking for Space in 2016 > Hitting an all-time low, overall vacancy drops to 4.4 percent. > Overall weighted average
More informationCharleston. Retail Loves the Holy City. Fourth Quarter 2017 Retail. Vacancy Rates. Net Absorption. Asking Rent $ , %
Retail Loves the Holy City Even with 158,000 plus square feet (sf ) hitting the market in the fourth quarter of 2017, the vacancy rate continued its march downward dropping 0.8% to! Much of the rising
More informationOffice Leasing and Investment
Market report Munich Mid-year report 215 Office Leasing and Investment Accelerating success. Office Leasing Munich Statistics Population 1,5,56 Unemployment Rate 4.4 % Employees Paying Social Security
More informationRents and Sales Prices on the Rise to Start 2018
Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 and Sales Prices on the Rise to Start 2 Key Takeaways > > The Greater Phoenix multifamily market got off to a hot start to 2. continues to retreat
More informationGround Lease Popeyes Great Underlying RE Fundamentals 3% Yearly Increases 5.25% CAP Rate Starting in May, 2019
Ground Lease Popeyes Great Underlying RE Fundamentals 3% Yearly Increases 5.25% CAP Rate Starting in May, 2019 135 St. James Ave. Goose Creek, SC (Charleston MSA) Representative Photo Table of Contents
More information>> Hollywood Market Activity Flattens
Research & Forecast Report Central Los Angeles OFFICE Q2 216 Accelerating success. >> Hollywood Market Activity Flattens Key Takeaways > There is currently 533,6 square feet () of office product under
More informationQUARTERLY REPORT CHARLESTON, SOUTH CAROLINA SECOND QUARTER, 2015
QUARTERLY REPORT CHARLESTON, SOUTH CAROLINA SECOND QUARTER, 2015 www.lincolnharris.com a promise of value... Mike Ferrer, CCIM Broker in Charge (843) 568-3427 mobile (843) 952-2065 fax mike.ferrer@lincolnharris.com
More informationGreater Phoenix Multifamily
MARKET REPORT / Greater Phoenix Multifamily Apartment Rents Remain on an Upswing Highlights > > Conditions in the Phoenix multifamily market strengthened during the third quarter. Vacancy tightened and
More information>> Market Records Strong Demand To End 2016
Research & Forecast Report Central Los Angeles OFFICE Q4 216 Accelerating success. >> Market Records Strong Demand To End 216 Key Takeaways > There is currently 61,4 square feet () of office product under
More informationDoha s Residential Market Market Performance, Trends and Affordability
White Paper Residential Market and Affordability Levels Doha November 2014 Doha s Residential Market Market Performance, Trends and Affordability Introduction Ian Albert Regional Director Middle East Colliers
More informationIndustrial Market Review
Q1 2012 industrial Stockton San JoAquin County, California research & forecast Report Industrial Market Review Momentum built-up from 2011 carried the industrial market into its fifth consecutive quarter
More informationVacancy Declines for Fifth Consecutive Quarter
Research & Forecast Report FAIRFIELD OFFICE Q1 Vacancy Declines for Fifth Consecutive Quarter > > Office Inventory: 5,056,025 > > Current Vacancy: 17. > > Net Absorption: +36,365 Solano and Napa counties
More information2018: The Year of Office Sales
Research & Forecast Report RENO OFFICE Q4 2018 2018: The Year of Office Sales >> Multiple significant office sales over 10,000 square feet >> Large blocks of space returned to the market increasing vacancy
More information>> Negative Net Absorption Despite Completions
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Negative Net Absorption Despite Completions Key Takeaways > This quarter, 542,000 square feet of industrial space finished construction,
More information>> Asking Rents Increase As Space Remains Limited
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Asking Rents Increase As Space Remains Limited Key Takeaways > Average asking rents increased $0.02 Per Square Foot (P) Triple
More informationVacancy Rates Hit All-Time Low in Northern Nevada
Research & Forecast Report RENO INDUSTRIAL Q3 2018 Vacancy Rates Hit All-Time Low in Northern Nevada > > Vacancy is at an all-time low for the market at 4.86% > > A strong quarter for gross and net absorption
More information