Packages will fade as more tenants take advantage of favorable lease terms, the development pipeline tapers off, sublease space is absorbed, and the newest and most efficient space is leased, says JLL.
Houston's multifamily market continued its positive momentum through first quarter 2018, and investors continue to purchase, given the demand for apartment investments amid shrinking supply.
At face value Miami's condo sector looks to be the same flourishing market that it has been for the last few years. There are subtle changes, however, in deal structure, development trends and the types of buyers interested in these projects.
Perhaps the most notable achievement was in the non-trophy Class A segment when 1440 New York Ave., NW traded at $1,189 per square foot, JLL says in a new report.
The Hudson Waterfront and Somerset/I-78 East Corridor weighed heavily on the market, and, as a result, the office sector overall registered its slowest first quarter in more than two decades.
Manhattan's office market posted mixed results in the first quarter, with office leasing activity down, but the investment sales sector regaining some of its previously lost momentum.
The market looks to be quite different now than past construction cycles for several reasons, mainly due population gains and uninterrupted, broad-based job growth that totaled 605,857 from 2010 to 2017.
The Urban Institute's HARI measure shows that San Francisco, Seattle and Washington DC, are more affordable for local renters than other measures indicate.