October 12, 2016


Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:

Suburban Mixed-Use Office Markets in U.S. Outperform Downtown Peers, By Michael Gerrity, World Property Journal

Key Excerpt:

“A majority of U.S. markets saw improved conditions during Q3 2016, with vacancy declining in 37 of 63 office markets, rising in 22, and remaining unchanged in four. The largest quarterly declines in vacancy were recorded in Tucson (170 bps), Cincinnati (130 bps) and Raleigh (120 bps). West Palm Beach, Newark, Las Vegas, Albany, Riverside and Sacramento each declined by 90 bps or more.”

How The Jobs Report and A Year-End Interest Rate Hike Could Affect Commercial Real Estate, By Ely Razin, Forbes

Key Excerpt:

“On the other hand, higher interest rates could provide an incentive for lenders and borrowers to minimize risk and increase caution, which could help prevent another bubble. In addition, higher interest rates tend to signal a strong economy, which in turn tends to correlate with a strong real estate market.”

Is Your Building Ready for a Crisis?, By Dan Weil, RealtorMag

Key Excerpt:

“There are some situations managers and owners of commercial buildings hope will never happen on their property: natural disaster, large-scale theft, sexual assault, or even a terrorist attack. But all these things can happen, and real estate professionals have to be ready for them.”

Honeywell to Put 800-job Software Center and Division Headquarters in Midtown’s 715 Peachtree, By Urvaksh Karkaria, Atlanta Business Chronicle

Key Excerpt:

“In its third quarter office market report, real estate services firm Colliers International cited Honeywell taking 80,000-square-foot at the 318,000-square-foot building near The Fox Theatre.”

Five Multifamily Markets Set for Growth, By Max Sharkansky, NREIOnline.com

Key Excerpt:

“National occupancy rates surged to 95.2 percent, and annual effective rent growth hovered above 3.7 percent in the second quarter of this year, indicating a healthy appetite for multifamily, according to a recent report by Axiometrics.”

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