Research

Hotel room inventory in Lower Manhattan is expected to increase 27% in the next few years and if all projects in the pipeline move on to development, the hotel inventory in Lower Manhattan will reach 9,019 rooms in 45 hotels by 2020.

One of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area.

While the existence of the Silver Line is shaping leasing fundamentals in Tysons, it hasn't affected ridership, JLL says.

“We are starting to hear people talk about 15 to 20% for real estate and real assets combined,” says Doug Weill.

Much of the pipeline is concentrated in CBD, driven by shift in demand toward West End, Transwestern says.

The two sectors at either end of the cap-rate change spectrum in Q3 were dollar stores, up 45.1 bps, and pharmacies, which posted a -29.3 shift.

Over the past 36 months, Class B rents have moved beyond $50 per square foot, which many nonprofits are unwilling to pay.

Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.