Tag Archive: indicators

Pricing Bubble Returns Again to Commercial Real Estate

In DLA Piper’s annual survey of the commercial real estate industry, 85 percent of senior executives at commercial real estate brokerages, REITs, etc., hold a bullish outlook for the remainder of 2013.  56 percent see a combination of low interest rates and a abundant debt and equity capital as a primary reason for their optimism. …

Commercial Construction Rebound Due to New Multifamily Construction

New data show major rebound in both commercial and residential construction led almost entirely by multifamily and single family development. Developers and builders started construction on the highest number of single family homes and apartments since July 2008.  Multifamily rose 10% in October 2012 to an annualized rate of 285,000 units. Single family building application…

Southern California Home Sales for February 2012

DQ News reported that 15,573 new and resale homes sold Southern California in February 2012.  That was up from January by 7.2% and up 8.4% from February 2011.  Plus it was the best February since 2007.   The increase in sales between January and February was larger than usual. On average, sales have risen 1.1 percent…

Monthly Commercial Real Estate Property Closed Sales Results – January 2012

CoStar’s monthly National Composite Index of Commercial Real Estate posted gains in eight of the last nine months for January 2012.  True, it’s March 15, 2012, but it takes them around 45 days to get the numbers out to us.  With the gain in January the national composite index is now 1.9% above January last year….

Southern California Home Sales for January 2012

DQ News reported that 14,523 new and resale homes sold last month.  That was way down from December by 24.5% but up .4% from January 2011.  Normally, sales are down from December to January because investors frequently want to close before year end and traditional residential buyers hold off until March or so to get back…

Retail Rents Begin to Rise in 2012

Randyl Drummer from CoStar news writes, and I agree, that retail rents will begin to rise this year. It’s not so much a huge increase in demand as much as there is virtually no increase in supply.   The supply / demand balance is tipping in favor of the landlord.  Construction financing is still a pain…

Columbus and Central Ohio December 2011 Residential Homes Sales Report

Columbus and Central Ohio had 19,956 single family and condo home sales during the year 2011. There were 19,700 residential home sales in 2010.  2011 was only 1.3 percent behind 2010 according to the Columbus Board of REALTORS®.  Remember that we had the Home Buyer Tax Credit in affect for the first six months of…

Monthly Commercial Real Estate Property Closed Sales Results

November 2011 sales index

CoStar’s monthly National Composite Index of Commercial Real Estate increased for the seventh consecutive month in November 2011.  I know its January 19, 2012, but it takes them around 45 days to get the numbers out to us.  Leading the price recovery again has been investment grade property.  There’s nothing new there as I’ve been writing…

Investors See Commercial Real Estate as Good Investment

According to Roger Vincent with the LA Times.  “As 2011 came to a close, some commercial real estate experts found promising signs in often troubled markets.” I agree, but that’s quite an understatement in certain segments.  In certain market segments, it’s getting real competitive and in others, it’s still lagging. Primary markets are doing much…

November 2011 Residential Home Sales – Best in Seven Months

I know I’ve been posting more residential real estate news over the last week or so than I have commercial.  Commercial real estate pretty much shuts down this time of the year unless you have a year end closing.  Plus, we’ve had some relatively bright residential news over the last week or so. The Commerce…

Big Drop for Central Ohio Unemployment

ColumbusNightSkyline2

The Columbus and Central Ohio jobless number was 7.6% in October 2011 and dropped to 6.6% in November 2011.  That’s a major improvement.  That’s the best in three years.  The lowest was Delaware County at 5.5% and the highest was Pickaway County at 8.5 %. You can see it and feel it around here.  Retail…

Apartment Sector Trends Report

Linked is a useful sortable report looking at not only vacancy and rent growth trends for multiunit residential, but also retail and office.   Go to the link in the upper left of the page ‘Metro/Submarket Reports’. Apartment cap rates have fallen by 160 basis points in the last two years.   This is due to the…

CoStar Commercial Real Estate Repeat Sales Indices

At the link is the CoStar Commercial Real Estate Repeat Sales Indices (CCRSI), which looks at the 766 transactions in July and more than 100,000 sales since its inception.  This is quite useful.   I summarized the results a few posts ago so I’ll just provide the link this time. http://www.costar.com/ccrsi/index.aspx    

Commercial Real Estate – Rising Prices and Strong Demand in the Second Quarter

Investors showed a sharpened appetite for commercial property, pushing prices up in the second quarter.  I realize that the second quarter, the end of June, sounds so long ago given what’s happened in the last month or so with the debt debate (debacle) and S&P downgrade knocking the wind out of our sails and sales….

Just Like Watching the Stock Market the Last Few Days

We need a good laugh today.  Minute 5:15 and on is especially good.  Hope the door latch is REAL strong.

Warehouse Demand Resilient

I’m going to write about something positive.  True, the DOW is down about 300 as this is written and the CMBS market is running into rough waters so the overall situation out there is not exactly positive. In spite of so much gone wrong, the industrial real estate market is clipping along just fine by…

Impressive Retail Expansion Plans for 2011

Retail expansion plans for this year are up 40% over last year buoyed by 2010 holiday season’s strong performance.  Nearly every region in the United States is experiencing resurgence with strongest growth in areas with the lowest unemployment. Growth plans are up and interest rates are down plus lenders are competing again.  It sounds like…