Weekend Reading for the Commercial Real Estate Industry - August 9, 2019
Written by Brent Carnduff | August 9, 2019
- Colorado Springs office market is out performing
- CRE market report
- Preparing your commercial property for sale
- High flying Phoenix submarket
- CRE in the subburbs
Midsize Cities are Beating the National Average for Office Rent Growth by Richard Lawson on CoStar
Over the past year, office rents have grown at an average of about 2.1% across the country. Many big cities have seen rent growth far above that average.
But office rents in a handful of midsize cities have beaten the national average for many of the same reasons: a strong economy that has increased office demand and construction that hasn’t matched that appetite, leading to a decline in vacancies.
CRE Expansion at Mid-year: No End in Sight by Calvin Schnure on Nareit
Commercial real estate markets had some areas of strength in the second quarter but also pockets of softness. With ongoing concerns about the longevity of the expansion and recent cross currents in the macroeconomy, however, the most important news from commercial real estate markets at mid-year is that there are few if any signs that the expansion will be ending soon.
Commercial Property Sales: 12 Improvements that can Lead to Bigger Returns by Forbes Real Estate Council on Forbes
When a property owner is considering selling a commercial property, then part of the process is looking at what can be done to make the site more attractive to buyers in order to help earn more through the sale.
This Phoenix Suburb is Punching Above its Weight and Leading Investment Volume in the Market by Jessica Morin on CoStar
Investors are looking to Chandler N/Gilbert due to its historically low vacancies, consistent rent growth and demand fueled by corporate relocations and expansions. Out-of-state buyers, especially from California, are driving sales velocity and searching for returns.
CRE 'Burbs' are Alive and Well by Michael Beckerman on CREtech
The fact is, suburbs across the country are positively humming with CRE activity, and they always have been.
Thanks for reading! Check back every Friday for the latest edition of "What We're Reading ..." or subscribe to our blog to receive it in your inbox.