Economy. Office Q3 2018
|
|
- Merilyn Lawrence
- 5 years ago
- Views:
Transcription
1 Economy In the third quarter of 2018, the electoral race caused strong oscillations in the dollar market and in the stock exchange. Specialists believe that once the political result is decided, these economy indicators will stabilize and it will reach better levels. The annual GDP projection for 2018 decreased from 1.99% in July to 1.5% in September. Part of this review was due to the strong fall in industry and in investment that occurred in this period. Therefore, Brazil is showing a slow recovery of the economy. The annual projection of the IPCA increased. It went from 3.99% in July to 4.42% in September. This acceleration of IPCA raises the risk of inflation falling above the target set by the Central Bank, whose core is 4.5% (with a margin of tolerance of 1.5 p.p.). This result is mainly due to higher projection of administered prices. Specialists project the unemployment rate for September at 11.7%, the lowest rate of the year so far. In August, this indicator reached 12.1%. Therefore, the tendency of the unemployment rate for 2018 is to end the year at 12.08% - better result when compared to 2017 (12.74%). In July, this projection was 12.29%. As the unemployment indicator directly affects the real estate and the office market, this improvement in the labor market can influence the demand for offices, warehouses and shopping centers. Economic Indicators (F) 12-Month Forecast Gross Domestic Product 0.99% 1.52% Inflation Rate 2.95% 4.42% Unemployment 12.74% 12.08% (Source: IBGE and LCA) Real Estate Indicators 3Q17 3Q18 12-Month Forecast Vacancy 24.5% 22.7% Net Absorption (,000) Under Construction (,000) Avg. Asking Rent (R$) The American dollar average for September was at R$ 4.12 and projections indicate that it will end the year at R$ 3.70, when the political result will be known. It is important to keep in mind that the exchange rate was severely impacted by internal and external factors - such as the increase in the American interest rate by the Fed and trade negotiations between US, China, Turkey and economic recession in Argentina. The data observed up to the third quarter of 2018 indicate a small economic recovery. The possibility of the country's growth will depend, above all, on the results of the second round election, in which the proposals of the new president-elect will be known. Thus, the dollar and the stock exchange will tend to stabilize by the end of
2 (.000 sqm) Office Q Market Overview For third quarter 2018, São Paulo s CBD office market recorded positive absorption for the third consecutive time. The main highlight for the quarter was the total net absorption of 81Ksqm due to the increasing demand in the main regions of the city like JK, Vila Olímpia and Chucri Zaidan. Our stats note that this type of volume has only been seen twice before: in the 4 th quarter of 2013 (80.4Ksqm) and in the 1 st quarter of 2017 (85Ksqm), with the occupancy of Odebrecht in its current headquarter in Paddock III and Claro in its both towers in Praça São Paulo Corporate respectively. Net Absorption/New Inventory/ Vacancy CBD Class AA+ Source: Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q Net Absorption New Inventory Vacancy Asking Rent/Vacancy Class AA+ Source: 35% 30% 25% 20% 15% 10% 5% 0% Despite the delivery of almost 42Ksqm the vacancy rate still dipped in Chucri Zaidan % 30% São Paulo registered a net absorption of 81Ksqm in the third quarter of 2018, the highest volume since the beginning of Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q % 20% 15% 10% 5% 0% Asking Rent Vacancy *The vacancy rate calculated and established by, which takes into account the effective occupation is at 22.68%, while the commercial vacancy rate considering tracked leases in São Paulo CBD classes A and A+ closed the quarter at 18.54%. 02
3 (,000 sqm) Office Q Occupancy With São Paulo s net absorption totalling 81Ksqm for the third quarter of the year, the vacancy rate dropped 1.6 p.p. (QoQ), and closed the quarter out at 22.7%. This is the lowest rate seen since the third quarter of 2014 when the vacancy rate was 18.3%. The regions that contributed the most for the total net absorption in the city were: JK, Chucri Zaidan, and Vila Olímpia (21.6Ksqm, 19.4Ksqm and 18.1Ksqm respectively). On the opposite end of the spectrum, Itaim and Paulista registered a total negative net absorption of - 2.7Ksqm and 2.5Ksqm, respectively. Pipeline The delivery of Parque da Cidade Corporate Torre Jequitibá in Chucri Zaidan region added about 42Ksqm to the city s total inventory. The volume of new deliveries has been falling since 2015, and in 2017 registered a total of only 59Ksqm. With that said, many buildings expected to be delivered in 2017 were postponed and delivered in the first three quarters of this year, accounting for 132Ksqm already delivered and another 32.8Ksqm expected to be delivered until the end of the year. Average Asking Rents Continuing the trend seen in the last few quarters, the average asking rent oscillated by 1.3% (QoQ), going from R$91.55/sqm in the second quarter to R$90.36/sqm for the current quarter. The variations in prices occurred in most regions of the city, but particularly in regions with high vacancy rates such as Santo Amaro and Marginal Pinheiros. New Inventory CBD Class AA+ Source:
4 Bubble Map Major Market Berrini Chucri Zaidan Faria Lima Chac. Sto. Antonio JK Marginal Pinheiros Pinheiros Vila Olímpia Absorption Volume The map above shows the volume of net absorption by each market. The main highlight this quarter was the volume seen in the JK region with 21.5Ksqm absorbed, followed by Chucri Zaidan with 19.3Ksqm and Vila Olímpia with 18.1Ksqm. 04
5 Heat Map 0,00 8,25K 16,5K 24,8K 33,0K Transactions The heat map shows in which regions occurred the higher volumes of transactions during the third quarter of the year. The JK region was the main highlight with big occupations in São Paulo Corporate Towers Torre Sul. Vila Olímpia also had good results with the occupation of a big coworking company. Chucri Zaidan also caught some attention with the occupation of a important company from the consumer goods sector. 05
6 SUBMARKET NUMBER OF BUILDINGS INVENTORY (.000 sqm) AVAILABLE AREA (.000 sqm) VACANCY RATE NET ABSORPTION (Q3) NET ABSORPTION (ANNUAL) UNDER CONSTRUCTI ON* ASKING RENT (ALL CLASSES) ASKING RENT (CLASS AA+) Paulista % (2,476.0) 8, , Pinheiros % 11, Faria Lima % , , Itaim % (2,669.7) (1,224.9) Vila Olimpia % 18, , , Berrini % 4, , Chac. Sto. Antonio % (1,673.1) Marginal Pinheiros % 8, , , Chucri Zaidan % 19, , JK % 21, , Santo Amaro % - (647.8) TOTAL CLASSE AA+ CBD Classe AA , % 80, , , *We consider "Under Construction" buildings with delivery scheduled until 3Q 2021 Main Transactions Q BUILDING SQM TENANT TRANSACTION TYPE SUBMARKET EZ Towers Torre B 5,583 Marsh & Mclennan Lease Chucri Zaidan Lead Corporate Faria Lima 4,502 WeWork Lease Faria Lima Parque da Cidade Corporate Torre Sucupira 4,502 Willis Towers Weatson Lease Chucri Zaidan Edfício Morumbi 3,114 Uber Lease Chucri Zaidan Praça Faria Lima 2,687 Grupo Boticário Lease Faria Lima 06
7 REGIONS CBD Marginal Pinheiros Pinheiros Paulista Faria Lima Itaim Bibi JK Vila Olímpia Berrini Chucri Zaidan Chác. Sto Antônio Santo Amaro Jadson Mendes Andrade Head of Market Research & Business Intelligence South America Bruno Suguimoto Coordinator of Market Research & Business Intelligence South America About is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit or on Twitter. 7
São Paulo MARKETBEAT. Office Q Economy. Market Overview. Occupancy. SÃO PAULO OFFICE Economic Indicators. Real Estate Indicators
São Paulo SÃO PAULO OFFICE Economic Indicators Q316 Q317 12-Month GDP -0.8% 0.2% Inflation Rate 8.5% 2.5% Unemployment 11.7% 12.6% Real Estate Indicators Q316 3Q17 12-Month Vacancy 28.4% 24.3% Net Absoption
More informationEconomy. Industrial Q3 2018
Economy In the third quarter of 2018, the electoral race caused strong oscillations in the dollar market and in the stock exchange. Specialists believe that once the political result is decided, these
More informationSão Paulo MARKETBEAT. Office Q Economy. Market Overview. Occupancy. SÃO PAULO OFFICE Economic Indicators. Real Estate Indicators
São Paulo SÃO PAULO OFFICE Economic Indicators Q416 Q417 12-Month GDP -3.6% 0.9% Inflation Rate 6.3% 2.9% Unemployment 12.0% 12.0% Real Estate Indicators Q416 Q417 12-Month Vacancy 29.3% 24.1% Net Absoption
More informationEconomy. Industrial Q4 2018
Economy Despite the uncertainties caused by the election, an economic shock by truckers strike in May, and the trade war between the two biggest economies, Brazil continue to growth and kept the economic
More informationEconomy. Economic Indicators. Real Estate Indicators. Industrial Q2 2018
Economy In May, the modest economic recovery that started off the year was brutally interrupted by the truckers strike, which had a big impact on 2018 s second quarter indicators. July s forecast indicators,
More informationOFFICE CORPORATE MARKET PRESENTED STABILITY IN THE SECOND QUARTER
2 nd QUARTER 2013 OFFICE SÃO PAULO MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT OFFICE CORPORATE MARKET PRESENTED STABILITY IN THE SECOND QUARTER Existing Inventory: 3.80 million sqm Under
More informationCORPORATE MARKET MORE FAVORABLE FOR TENANT IN 2013
4th QUARTER 213 OFFICE São paulo MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT CORPORATE MARKET MORE FAVORABLE FOR TENANT IN 213 Existing Inventory: 3.95 million sqm Under Construction
More informationMIGRATION OF COMPANIES SHALL PREVAIL IN 2014
st QUARTER 24 OFFICE São paulo MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT MIGRATION OF COMPANIES SHALL PREVAIL IN 24 Exinting Inventory: 4.3 million sqm Under Construction Inventory:
More informationSão Paulo: the lowest vacancy rate in the world.
211 OFFICE SÃO PAULO OFFICE MARKET REPORT OFFICE RESEARCH REPORT CLASS A+ and A São Paulo: the lowest vacancy rate in the world. Economic Overview The economy of São Paulo state performed well in the first
More informationColumbus MARKETBEAT. Office Q2 2017
COLUMBUS OFFICE Economic Indicators Market Indicators Q2 16 Q2 17 Unemployment 4.0% 3.9% Ohio Unemployment 5.0% 5.0% U.S. Unemployment 4.9% 4.4% Q2 16 Q2 17 Overall Vacancy 13.3% 13.4% 212K -80K Construction
More informationMARKET INSIGHT LOUISVILLE, KENTUCKY MULTIFAMILY REPORT THIRD QUARTER 2017
CUSHMAN & WAKEFIELD COMMERCIAL KENTUCKY LOUISVILLE MULTIFAMILY RESEARCH MARKET INSIGHT MULTIFAMILY REPORT THIRD QUARTER 217 The Cushman & Wakefield Commercial Kentucky Multifamily Research Team provides
More informationMARKETBEAT HIGHLIGHTS 1.6% 5.9% $916 SYDNEY OFFICE. Big lease deals rebound in Q3. Strong prime absorption drives vacancy lower
SYDNEY OFFICE 1.6% 5.9% $916 PRIME GROSS GROWTH (QoQ) TOTAL VACANCY RATE (Q2 2017) PRIME GROSS (PER SQ M) HIGHLIGHTS Big lease deals rebound in Q3 After a Q2 in which smaller deals dominated the Sydney
More informationDRECREASING ASKED LEASE PRICES MARKED 2013
4 th QUARTER 2013 OFFICE rio De Janeiro MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT DRECREASING ASKED LEASE PRICES MARKED 2013 existing inventory: 2.39 million sqm Under Construction
More informationMARKETBEAT Columbus. Office Q1 2018
COLUMBUS OFFICE Economic Indicators Q1 17 Q1 18 Unemployment 4.1% 3.8% Ohio Unemployment 5.1% 4.6% U.S. Unemployment 4.7% 4.1% Market Indicators (Overall, All Classes) Q1 17 Q1 18 Overall Vacancy 12.2%
More informationSão Paulo has a Higher Occupancy Cost than New York.
211 OFFICE SÃO PAULO OFFICE MARKET REPORT OFFICE RESEARCH REPORT CLASS A and A+ São Paulo has a Higher Occupancy Cost than New York. MARKET OVERVIEW The main highlight of 211 was the delivery of the 4,44
More informationASKED AVERAGE LEASE PRICES START TO DECREASE FOR COPORATE MARKET
rio De Janeiro MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT ASKED AVERAGE LEASE PRICES START TO DECREASE FOR COPORATE MARKET existing inventory: 2,37 milion sqm under Construction inventory:
More informationIndustrial Snapshot 2Q 2016
CHARLOTTE INDUSTRIAL Warehouse Market Indicators Warehouse Net Absorption/Asking Rent 4Q TRAILING AVERAGE 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0-200 2011 2012 2013 2014 2015 2016 Net Absorption,
More informationGreater Los Angeles MARKETBEAT. Office Q Economy. Market Overview
LOS ANGELES COUNTY Economic Indicators Q2 16 Q2 17 Los Angeles Employment 4.38M 4.44M Los Angeles Unemployment 5.3% 4.4% U.S. Unemployment 4.9% 4.4% 12-Month Forecast Economy The job growth rate in Los
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Q2 17 Q2 18 MSA Employment 1.1M 1.1M MSA Unemployment 3.3% 3.0% U.S. Unemployment 4.3% 3. Market Indicators (Direct, All Classes) Q2 17 Q2 18 Total Market Vacancy
More informationPrime Views MAY 2017 SINGAPORE
Prime Views MAY 17 SINGAPORE SINGAPOREOffice Market 12 The CBD comprises of the following submarkets: Marina Bay, Raffles Place, Shenton Way/Tanjong Pagar, City Hall/Marina Centre, Orchard and Bugis. Marina
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 informationCURRENT OUTLOOK LIMA RESEARCH & FORECAST REPORT Q OFFICE. located in the San Miguel area, began operations.
Q1 2015 OFFICE LIMA RESEARCH & FORECAST REPORT CURRENT OUTLOOK INDICATORS PRIME MARKET Q4-2014 Q1-2015 VACANCY RATE NET ABSORPTION NEW SUPPLY RENTAL PRICE INDICATORS B+ MARKET Q4-2014 Q1-2015 VACANCY RATE
More informationLease Rates in Rio de Janeiro will Rise until 2016.
1 ST SEMESTER 2011 OFFICE A AND A+ RIO DE JANEIRO OFFICE MARKET REPORT OFFICE RESEARCH REPORT - CLASS A AND A+ Lease Rates in Rio de Janeiro will Rise until 2016. Economy PRICE ABSORPTION VACANCY CONSTRUCTION
More informationChange on the Horizon:
Change on the Horizon: An overview of the economy and its impact on commercial real estate By Elliot M. Shirwo, Founder and Principal BridgeCore Capital, Inc. Commercial real estate is intrinsically linked
More informationEconomic and Market Outlook: SAN ANTONIO OFFICE Q1 2016
Economic and Market Outlook: HOUSTON SAN ANTONIO AUSTIN Table 1. Key market indicators for Q1 2016, and their percent (%) change on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis (Class A
More informationGreater Toronto Area, ON
Greater Toronto Area, ON Office Q1 218 GREATER TORONTO AREA OFFICE Economic Indicators Q1 17 Q1 18 GTA Employment 3.2 mil 3.4 mil GTA Unemployment 7.1% 5.8% Canada Unemployment 6.7% 5.8% Source: Statistics
More informationASKED LEASE PRICES REMAINS ON DECREASE
1ST QUARTER 2014 OFFICE RIO DE JANEIRO MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT ASKED LEASE PRICES REMAINS ON DECREASE Exiting Inventory: 1.65 milion sqm: 1.21 milion sqm: A+ and A
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 informationFIRST SEMESTER HAD A WEAK PERFORMANCE COMPARED TO THE PREVIOUS YEARS
2ND QUARTER 2014 OFFICE RIO DE JANEIRO MARKET REPORT OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT FIRST SEMESTER HAD A WEAK PERFORMANCE COMPARED TO THE PREVIOUS YEARS Existing 1.19 million sqm: 853
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Market Indicators (Direct, All Classes) Direct Net Absorption/Direct Asking Rent 4-QTR TRAILING AVERAGE Direct Vacancy Q3 17 Q3 18 MSA Employment 1.05M 1.07M MSA
More informationGreater Los Angeles MARKETBEAT. Office Q Economy. Market Overview. Outlook LOS ANGELES COUNTY. Economic Indicators
LOS ANGELES COUNTY Economic Indicators Q3 16 Q3 17 Los Angeles Employment 4.41M 4.44M Los Angeles Unemployment 5.2% 4.8% U.S. Unemployment 4.9% 4.4% Market Indicators (Overall, All Classes) Q3 16 Q3 17
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
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 informationResearch. Buenos Aires Becomes More Attractive BUENOS AIRES 1Q15 OFFICE MARKET. Current Conditions
Buenos Aires Becomes More Attractive Vacancy Rate and Average Asking Rent Remain Stable Buenos Aires remains Argentina s largest office market with nearly 18.2 million square feet of total stock and 11.4
More informationGreater Toronto Area, ON
Greater Toronto Area, ON Office Q2 217 GREATER TORONTO AREA OFFICE Economic Indicators Q2 16 Q2 17 GTA Employment 3.2 mil 3.3 mil GTA Unemployment 7.6% 6.9% Canada Unemployment 6.9% 6.6% Source: Statistics
More informationECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationNATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION. Prepared for Florida REALTORS
NATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION Prepared for Florida REALTORS NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION Page 1 Page 3 Page 4 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page
More informationdemand For LoGISTIC PArKS INCreASed BY 27% IN 2013
4th Quarter industrial BraZil MArKeT report INdUSTrIAL CLASS A LoGISTIC PArKS MArKeT report demand For LoGISTIC PArKS INCreASed BY 27% IN 213 Existing inventory: 8.6 million sqm under Construction inventory:
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 informationMARKETBEAT Columbus. Office Q4 2018
COLUMBUS OFFICE Economic Indicators Q4 17 Q4 18 Unemployment 4.0% 4.0% Ohio Unemployment 4.9% 4.6% U.S. Unemployment 4.1% 3.7% Market Indicators (Overall, All Classes) Q4 17 Q4 18 Overall Vacancy 14.3%
More informationASIA PACIFIC OFFICE OVERVIEW April - June 2017
ASIA PACIFIC OFFICE OVERVIEW April - June A CUSHMAN & WAKEFIELD QUARTERLY RESEARCH PUBLICATION INSIGHTS INTO ACTION ASIA PACIFIC OFFICE OVERVIEW OCCUPIER CONDITIONS INDIA Delhi-NCR GREATER CHINA Chongqing
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 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 informationGreater Los Angeles MARKETBEAT. Office Q Economy. Market Overview
LOS ANGELES COUNTY Economic Indicators Market Indicators (Overall, All Classes) Overall Net Absorption / Overall Asking Rent Overall Vacancy Q4 15 Q4 16 Los Angeles Employment 4.3M 4.4M Los Angeles Unemployment
More informationWoolbright Development Research Retail Market Overview: Palm Beach
Retail Market Overview: 2015 FIRST QUARTER Jacksonville The Retail Market Continues a Moderate Recovery; Average Occupancy Levels Stand Flat at 90%, and Average Base Rental Rates At Publix Anchored Centers
More informationMARKETBEAT Indianapolis
INDIANAPOLIS INDUSTRIAL Economic Indicators Q1 17 Q1 18 12-Month Forecast MSA Employment 10.5k 10.8k MSA Unemployment 3.7% 3.1% U.S. Unemployment 4.7% 4.1% Numbers above are quarterly averages; Feb 2018
More informationOFFICE MARKET ANALYSIS:
OFFICE MARKET ANALYSIS: DAVID WEST RMLS Fellow Certificate of Real Estate Development Student Masters of Urban and Regional Planning Candidate While the Portland office market continues the slow recovery
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 informationHouston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics
July 2016 Commercial Markets In This Issue Commercial Markets Retail Office Industrial Multifamily Housing Trends Single Family Housing Lot Supply & New Home Data % 10% 8% 6% 4% 2% 0% Retail 2007 Q1 2008
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 informationCANADIAN RECOVERY REMAINS FRAGILE
Q3 OFFICE COLLIERS INTERNATIONAL MARKET REPORT WATERLOO REGION ONTARIO Waterloo Region Well-Positioned for 11 O QUEBEC Ottawa Waterloo Region Toronto Montré Burlingto CANADIAN RECOVERY REMAINS FRAGILE
More informationHOULIHAN LAWRENCE COMMERCIAL GROUP
HOULIHAN LAWRENCE COMMERCIAL GROUP TH QUARTER EXECUTIVE SUMMARY FOURTH QUARTER Dear Clients, With behind us and the new year in full swing, we can now reflect, summarize and gain insight from the past
More informationECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationCONTENTS. Executive Summary 1. Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry
CONTENTS Executive Summary 1 Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry Residential Trends 7 Existing Home Sales 11 Property Management Market 12 Foreclosure
More informationRESEARCH & FORECAST REPORT
Q2 2012 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Recovery Without Job Growth? Despite office employment still trending downwards, Southern Nevada s office market posted positive net absorption
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 information2Q 17. Office Market Report
2Q 17 Office Market Report Low vacancy rates and steady rental rates characterize the Portland office market Portland s office market has reached a level of strength not seen since the great recession.
More informationCCP Announces Gross Revenue Growth of 20.8% and 14.2% in the EBITDA for the 1Q11
Results CCP Announces Gross Revenue Growth of 20.8% and 14.2% in the EBITDA for the São Paulo, May 11, 2011 - Cyrela Commercial Properties S.A. Empreendimentos e Participações (Bovespa: CCPR3) ( CCP or
More informationMARKETBEAT INDUSTRIAL SNAPSHOT
9.1 4.9 7.3 4.5 7. 1.3 8.1 1.3 1.7.3 msf MARKETBEAT INDUSTRIAL SNAPSHOT LAS VEGAS, NV A Cushman & Wakefield Alliance Research Publication Q1 215 ECONOMIC OVERVIEW The U.S. economy continued to add jobs
More informationCOMPANY OVERVIEW. A Cushman & Wakefield The Lund Company Publication. A Cushman & Wakefield/The Lund Company Publication
A Cushman & Wakefield The Lund Company Publication COMPANY OVERVIEW A Cushman & Wakefield/The Lund Company Publication Independently Owned and Operated A Member of the Cushman & Wakefield Alliance The
More informationEconomy. Denmark Market Report Q Weak economic growth. Annual real GDP growth
Denmark Market Report Q 1 Economy Weak economic growth In 13, the economic growth in Denmark ended with a modest growth of. % after a weak fourth quarter with a decrease in the activity. So Denmark is
More information2Q18. Preliminary Operational Results. Contact IR: A. Emílio C. Fugazza Chief Financial Officer and Investor Relations Officer
Contact IR: A. Emílio C. Fugazza Chief Financial Officer and Investor Relations Officer Augusto T. Yokoyama Controllership and Investor Relations Manager Hugo G. B. Soares Investor Relations Analyst Tel.:
More informationSecond Quarter Industrial Market Report 2017
Second Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More information3950 Civic Center Drive
3950 Civic Center Drive San Rafael, California LEED Certified Building 3950 Civic Center Plaza is a threestory class A office building totaling approximately 46,648 square feet. Part of a two-building
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 informationKEY TOWER SALE highlights start of 2017
KEY TOWER SALE highlights start of 2017 Demand for office space in the Greater Cleveland office market remained strong as 2016 wound down and transitioned into the first quarter of 2017. After netting
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 informationECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction
ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real
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 informationEconomic Overview BRAZIL I SÃO PAULO RESEARCH & FORECAST REPORT. MARKET INDICATORS 2 ND SEMESTER 2010 INDUSTRIAL
2 ND SEMESTER 2010 INDUSTRIAL BRAZIL I SÃO PAULO RESEARCH & FORECAST REPORT Economic Overview COLLIERS OFFICES IN BRAZIL Exceeding market expectations, 2010 was marked by an economy steaming and sustained
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 information>> New Construction Delivers to the Orange County Office Market
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> New Construction Delivers to the Orange County Office Market Key Takeaways > Three new office developments were delivered to the
More information>> 2017 Begins With Continued Strong Demand
Research & Forecast Report Central Los Angeles OFFICE Q1 217 Accelerating success. >> 217 Begins With Continued Strong Demand Key Takeaways > Hudson Pacific's Icon at Sunset property delivered 323,3 square
More informationDECONSTRUCTING ASKING AND EFFECTIVE RENTS
BRAZIL Cushman&Wakefield Research Department AUGUST 2015 THE TRICKY PRICING OF REAL ESTATE Price is the key driver in economic life. It measures the value of one good against all others, juggling supply
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 informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More information1July 2018 Region. Research & Forecast Report Colliers International SOFIA OFFICE MARKET OVERVIEW H1 2018
SOFIA OFFICE MARKET OVERVIEW 1July 2018 Region Research & Forecast Report Colliers International H1 2018 2 SOFIA 19% 13% 22% 27% 59% 60% HIGHLIGHTS Class A Class B For more information: www.officemap.bg
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 informationRaleigh-Durham MARKETBEAT. Office Q Economy. Market Overview TRIANGLE OFFICE
TRIANGLE OFFICE Economic Indicators Q3 16 Q3 17 Triangle Employment 910k 936k Triangle Unemployment 4.3% 3.5% U.S. Unemployment 4.9% 4.4% Market Indicators (Overall, All Classes) Q3 16 Q3 17 Vacancy 14.5%
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 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 informationHealthcare Advisory Practice: Capital Markets
Healthcare Advisory Practice: Capital Markets Integrated, Strategic Real Estate Solutions 1 Why Physicians are Pursuing Sales of ASCs or MOBs HINDRANCE TO RECRUITING NEW PHYSICIANS Real estate ownership
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 informationResearch. MARKET expectations BUENOS AIRES 1Q16 OFFICE MARKET. Current Conditions
MARKET expectations Current Conditions The Office Market Buenos Aires remained Argentina s largest office market with nearly 18.2 million square feet of total stock, including 11.4 million square feet
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 informationCHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP
CHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP SECOND QUARTER NEWSLETTER 216 HOT TOPICS Capital markets remain a focus with 14 assets either under contract or sold totaling $2.6 billion, which includes
More information>> Orange County Vacancy Continues to Decline
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Continues to Decline Key Takeaways > The South County submarket led the Orange County market in overall net absorption
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 informationFirst Quarter Industrial Market Report 2017
First Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
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 informationStrong year continues with high-profile leasing; rents remain flat as new and returning space looms 10.0% 5.0%
$ PSF Office May 2017 New York Monthly Market Update Strong year continues with high-profile leasing; rents remain flat as new and returning space looms Manhattan Class A asking rents Manhattan Class A
More informationSecond Quarter Retail Market Report 2017
Second Quarter Retail Market Report 2017 03 04 04 04 04 05 06 07 08 10 Executive Summary National Economy Local Economy Oklahoma City Retail Market Leasing Net Absorption and Inventory Rental and Vacancy
More information2Q 16. Long Island Market Report
2Q 16 Long Island Market Report Long Island Office 2Q 216 Long Island 2Q16 Office Office Report The Long Island Office market ended the second quarter 216 with a vacancy rate of 7.5%. The vacancy rate
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 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 informationGazit Brasil Institutional Presentation June 2017 LOCATION
Gazit Brasil Institutional Presentation June 2017 1 Disclaimer This presentation was prepared by Gazit Globe Ltd. (the "Company") and does not constitute a prospectus or other offering document or an offer
More informationLas Vegas Valley Executive Summary
ARROYO MARKET SQUARE Las Vegas Valley Executive Summary Retail Market 4th Quarter 2013 THE DISTRICT AT GREEN VALLEY RANCH January 23, 2014 Re: Commercial Real Estate Survey: 4th Quarter, 2013 Dear Reader,
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 informationNothing Draws a Crowd Like a Crowd: The Outlook for Home Sales
APRIL 2018 Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to
More information2Q 17. Long Island Market Report
2Q 17 Long Island Market Report Long Island Office 2Q 217 Long Island 2Q17 Office Office Report The Long Island Office market ended the second quarter 217 with a vacancy rate of 7.2%. The vacancy rate
More information