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Gross margins will be flat to slightly down this year as builders have less wiggle room to pass on costs as mortgage rates increase.
Interest in alternative sub-classes is rapidly growing and isn't likely to be a passing phase.
Rents will decline further over the next year as space give-backs push vacancies higher.
Debt funds are pushing leverage to 75% or 80%.
With the transaction, Colony Capital completes its exit from the hospitality business.
The flex provider will receive $1.3 billion in cash as part of the transaction.
Atlanta, Austin, Charlotte, Dallas, Denver, Miami, Nashville and Raleigh are all positioned for further growth.
The average annual gross rental yield is 7.7% for 2021, down from an average of 8.4% in 2020
The Restaurant Revitalization Fund is part of the $1.9 trillion American Rescue Plan Act of 2021.
The first-quarter AICPA Economic Outlook Survey says most businesses haven't planned for a reduction in their traditional brick-and-mortar office space.