CRE Has Been In Ninth Inning For Two Years

Written on November 29, 2017 at 10:42 AM

Many are predicting a leveling out of the commercial real estate market in the coming year. Texas Market Leader James Sutton discussed 2018 commercial real estate trends and the implications of the leveling-out process in the Houston market in this EXCLUSIVE with What are the commercial real estate trends you are seeing in Houston for 2018?

Sutton: Decrease in overall vacancy for industrial properties, as well as a decrease in overall vacancy, increase in rent growth and zero concessions for multifamily properties. In addition, there will be a reduction in office sublease space as a result of the storm (Harvey). This is a short-term correction as a result of the office sector’s issues stemming from the energy market decline.

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Categories: Office, Industrial, Real Property, Retail, Paradigm Info, Multi Family, Texas

REBNY Report: Manhattan Retail Asking Rents Decline in 13 of 17 Top Shopping Corridors

Written on November 27, 2017 at 12:25 PM

Despite owners offering short-term leases and generous concessions in an effort to maintain high rent levels of previous years, Manhattan's retail slump continues with average asking rents for available ground floor spaces declining in 13 of the top 17 shopping corridors, when compared with fall 2016. According to the Real Estate Board of New York’s (REBNY) Fall 2017 Manhattan Retail Report, the retail leasing market is still in a corrective period as average asking rents recede and deal-making favors parties willing to be flexible with lease structure, uses, and asking rents amid rising demand for side street locations and pop-up stores.

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Categories: Retail, New York

Tax Reform Plan Eliminates Historic Tax Credit Program

Written on November 13, 2017 at 01:13 PM

The new tax reform proposal submitted by Republican lawmakers earlier this month would cut a program that has been an engine for urban renewal and economic revival, sparking strong opposition from city developers, planners, and preservationists across the country. The federal Historic Tax Credit program (HTC) encourages the redevelopment of historic and abandoned buildings by providing a 20 percent tax credit, which is paid out over five years, once the project is complete. According to analysis from the National Trust for Historic Preservation, it has been used to renovate more than 40,000 structures and channel $117 billion in private investment since being enacted by the Reagan administration in 1981.

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Categories: Historic Tax Credits, Real Property

Emerging Trends Shaping Real Estate in 2018

Written on November 01, 2017 at 04:31 PM
The immediate future of real estate looks positive, according to t he Urban Land Institute and PwC’s annual look at the year ahead. The 2018 Emerging Trends in Real Estate report, which  compiles more than 800 individual interviews and 1,600 surveys of real estate experts, predicts a 'long glide path to a soft landing' as the economic cycle runs its course, but does not forsee a sudden drop in altitude. 
One of the emerging trends is investors' increasing appetite for secondary markets. The 2018 outlook for secondary markets increased nearly 12 percent compared with the 2013 survey. Over the same time period, the investment outlook for primary markets has decreased by 6 percent.  According to the survey, secondary markets have outpaced the primary cities because investors are better educated, secondary markets haven’t become as overbuilt as they were in previous cycles, foreign capital has grown and seeks a safe home, and the growth in many of these cities seems much more sustainable and long-lasting.
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Categories: Office, Washington, Real Property, Retail




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