Jan 20
Flood risks are increasingly posing a risk to commercial real estate, and a new report cautions the sector to be prepared. About 730,000 retail, office, and multiunit residential properties face potential risk annually of flood damage, according to a new report from the First Street Foundation, a nonprofit research group. Damage from flooding could cause …
Jan 18
Retail space is in demand, and prices are rising. Net absorption of retail space during the third quarter reached the highest level since the fourth quarter of 2017, the National Association of REALTORS® reports. The biggest demand has been for general retail and neighborhood space. New retail supply has been low throughout the year. That …
Jan 18
A growing number of investors seem less deterred by high prices, jumping on opportunities from demand for rentals. Single-family purchases made by investors are surging as they see opportunities in the rapid growth of home prices and demand for rentals. The Golden State, shunned by investors for some years, is seeing a strong return. “After a …
Jan 17
Sixty-nine percent of commercial real estate brokers say they made more money in 2021 than in 2020, according to the latest Apto National Broker Buzz Poll conducted in December 2021. They’re even more optimistic about this year. Commercial real estate has posted a dramatic recovery ever since the beginning of the pandemic. 2021 marked a …
Jan 16
Office buildings that are outdated or that have been left partially or completely empty since the pandemic began are being reimagined. With a surge in demand for apartments, developers are remaking some underused office buildings into new living corridors. For example, a two-tower office building known as Park Center in Alexandria, Va., a suburb of Washington, …
Jan 16
Lumber prices are soaring once again: Following a dip last spring and summer, they have nearly tripled over the past four months. Builders say that increase has caused the price of an average new single-family home to rise by more than $18,600. It has also added nearly $7,300 to the price of an average new …
Jan 13
Supply chain backups for materials continue to hit the new-home market and are causing some new owners to have to move into unfinished homes, The Wall Street Journal reports. The problems stem from ongoing factory closures caused by the pandemic, transportation delays, and port capacity limits. The shortages are especially popping up in the lack …
Jan 12
When you hit the usual sales slump during the cold months, here’s what you can do to keep your business from freezing until spring. It’s that time of year again when most real estate professionals are bracing for a dip in sales in the cold winter months and many home buyers and sellers go into …
Jan 11
The office sector’s rents have essentially recovered from the huge hit they took during the beginning of the pandemic. But it may be due to property owners’ cash gifts and months of free rent offerings that may be winning tenants back and motivating them to sign leases for high-dollar rents. Never have the incentives and …
Jan 10
Florida shone as home to many of the hottest commercial markets in the country in the fourth quarter of 2021. The state boasts nine of the top 15 commercial real estate markets, according to the National Association of REALTORS®’ 2021 Q4 Commercial Real Estate Metro Market Reports. NAR’s Commercial Real Estate Market Conditions Index reflects …
Jan 09
Seeking to expand in the strong rental market, investors face many of the same challenges as would-be home buyers. About 63% of real estate investors recently surveyed cited the availability of inventory as the top challenge for the residential real estate investing business, according to the Winter 2021 RealtyTrac Investor Sentiment Survey, which measures investors’ …
Jan 06
Investment management company Blackstone this week reported that high returns in its real estate investments fueled record-setting fourth-quarter results. “Blackstone reported the most remarkable results in our history on virtually every metric,” Stephen Schwarzman, co-founder and chief executive, said as the company released its earnings results this week. Its $280 billion real estate business generated …
