Research

The Realtor organization blamed buyer uncertainty caused by the partial federal government shutdown, instability in the stock market and the specter of rising mortgage interest rates as the root causes of the lower sales volume in January.

For the full year, total private-sector jobs were up by 74,200 positions or 1.9% in 2018, marking the ninth consecutive year of positive job creation and the longest period of job gains on record.

The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.

A breakdown by location showed that Northern Virginia lost $32.8 million in lost or delayed revenue per day, primarily driven by the Department of Homeland Security (36% share) and Department of State (17% share).

“2018 was a year of market evolution,” CBRE's LaRusso said in the retail report. “Rents are broadly down and activity in the market continues, with tenants currently in the dominant negotiating position."

“We see the Cleveland office market remaining fairly flat this year."

In what the firms describe as a first of its kind service, the goal is to compile actual senior housing rates and leasing activity submitted by senior living operators.

This year, JLL projects investment volumes will be approximately 5 to 10% below the 2018 total.