Research

The new tax bill will have both positive and negative effects on the construction industry and other issues affecting heavy freight in the United States.

The change may alter the way commercial landlords both plan future parking ratios and even locational investment strategies, JLL says.

The average occupancy rate of office properties sold in 2017 was 71%, JLL said.

“The multifamily industry needs to catch up with the revolutions that are already well underway in everything from transportation and retail to demographics and psychographics,” says Rick Haughey at the National Multifamily Housing Council.

Since the rebound, there has been more than 900,000 square feet converted into creative space in the Airport submarket alone and almost as much set to be delivered in OC over the next 18 months, representing a direct shrinking of the class-B inventory, NKF's George Thomson tells GlobeSt.com.

New deliveries are largely concentrated in the emerging submarkets, according to JLL.

However, in the nation's most populated counties the opposite is true, says Daren Blomquist with ATTOM Data Solutions.

The market failed to accumulate one million square feet of annual net absorption for the first time in five years, and it was the second consecutive year with negative net absorption in the final quarter.