NOT FOR REPRINT
Page Printed from: globest.com/author/profile/-erika-morphy?page=420
Sign In To follow
Those with corporately guaranteed leases generated cap rates of 6.15%, while franchisee leased assets had cap rates of 7.12%.
In these larger buildings, Cetra says developers and architects need to be very creative with things like home offices.
A recent JLL report found 30% of all office space will be consumed flexibly by 2030, as a result of flexible lease terms and uncertainty caused by the pandemic.
Here are RealPage's Jay Parsons' favorite metrics to track apartment market conditions.
April 2021 investment activity was 18% below pre-pandemic numbers.
In May, two-bedroom rents rose 4.8% compared to last year, while one-bedroom rents rose 3%.
Markets on the West Coast illustrate this story of suburban migration.
Since January, demand for office space is up 117.9% nationally.
But asking rents remain firm and the rate at which new sublease space is coming to market appears to be slowing.
Right now, though, businesses in some sectors, notably lodging, can't find enough workers.