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.
• Projected Trends in the Real Estate Sector for 2015-2017 by Realty Today.
"First, the overall real estate capital markets are wide open, and commercial real estate transaction volumes are projected to be at an average $503 billion over the next three years. Hand in hand, debt and equity capital are abundant and competition will be stiff for most promoted properties.”
• Your Office Is Boring: Amenities Matter by Andrew Steele of Colliers International.
"Attractive, open spaces framed by glass that welcomes in visitors are the new standard, and location now matters more than ever. Offices evolve and work styles grow — which means we shouldn’t look at cubicles and off-whites in the same way as people did 30 years ago. There’s more than one right way to approach the issue, but you should consider all options and variables ranging from outright productivity and data sensitivity to Wi-Fi in tenant lounges."
• August 2015 U.S. Renter Retention, Renewals Rise by Property Management Insider.
"Last month, MPF research reported renter retention and renewals were on the rise. In fact, retention continues its 20-month run above 50 percent as renewal rates rise 5.4 percent.”
• Retailers Raise Number of Store Openings Planned for the Next Two Years by Elaine Misonzhnik of National Real Estate Investor.
"Retailers that planned to open the most stores over the next 24 month remained virtually unchanged from previous months, with Subway, Dollar General, Five Guys Burgers and Fries, Family Dollar and Pizza Hot taking the top spots."
• 2015 Poised to Be Busiest Year Ever for Multifamily Sales by Brad Berton of Multifamily Executive.
"Industry deal trackers, including Real Capital Analytics (RCA) and Marcus & Millichap (M&M), are now projecting 2015 will ultimately beat out 2014 as the most-active multifamily investment year ever. As RCA data indicate, transactions through August had already amounted to just under 75 percent of 2014’s total of $112 billion—with September, plus the traditionally highest-volume fourth quarter, to follow.”