The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.
With a significant number of these developments being redevelopments, the overall net new impact on office inventory is 5.7 million of additional space.
Harvey caused many single-family households to be displaced and become new renters, and many multifamily properties were damaged or uninhabitable, driving renters to relocate, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
“We had this massive in-migration of millennials that fueled our hip restaurant scene, and our hip retail scene, and it fueled our booming apartment absorption.”
Creative deal-making skills and the ability to reposition obsolete real estate are necessary elements for buyers entering the highly competitive Orange County marketplace, Savills Studley's Brad Schmitt tells GlobeSt.com.
“Given its public transportation infrastructure and high quality of life amenities New York City ranks as number one in this ranking with a score of 4.8,” the report states.