“These changing perceptions, combined with rising rents and tightening supply of affordable housing, are likely to fuel continued multifamily market growth in the years ahead."
Property sectors that feel the effects of ride-sharing and driverless cars will go beyond parking facilities, say Green Street Advisors and the Urban Land Institute.
“New developments are drawing more attention, particularly from retailers that are looking to develop a presence in Brooklyn as an extension of their Manhattan mainstays,” says REBNY president John Banks.
There were approximately 421,113 square feet of new leases and renewals executed in Burlington, Camden and Gloucester Counties, an increase of about 6.6 percent compared with the previous quarter.
Employers know that their office “often makes a first impression when new candidates walk through the door for an interview,” Fred Schmidt at Coldwell Banker Commercial Affiliates tells GlobeSt.com.
An MIT Center for Real Estate report commissioned by Capital One identifies trends that “defy conventional wisdom” along with “evolving market conditions that were hiding in plain sight,” says Rick Lyon, the bank's head of commercial real estate.
Harvey effectively accelerated the multifamily recovery timeline, propelling Houston into a landlord-favored market approximately 18 months ahead of schedule but also causing supply to tighten.