Research

The average asking rent across Manhattan's 16 main retail corridors dropped 8.4% year-over-year, falling from $875-per-square-foot to $802 per-square-foot.

Continued growth by e-commerce companies is driving an unprecedented increase in rental rates.

As the market fires on all cylinders, Houston is increasingly competing with other major US industrial markets for big-box distribution deals, which are aggressively being pursued by investors ready to turn dirt.

One reason is that senior housing is becoming a more mainstream investment segment, JLL says.

Third quarter leasing activity was 25.4% above Manhattan's five-year historical average and a sizable 48.5% above its 10-year average, according to a report released by commercial brokerage firm Colliers International.

It should come as little surprise to the CRE community that the economists found that industrial is driving current growth.

The Urban Land Institute predicts GDP growth will be 1.7% in 2020 while CRE volumes will have dropped to $415 billion.

Class A availability and vacancy rates have declined precipitously over past 10 years.