Market Data

Regional Outlook


Florida’s Big Deal

Florida’s net lease market is one of the nation’s most active, according to a recent report by Calkain Cos. and Beshears & Associates. Banks have the lowest asking and sales cap rates, averaging 4.95 percent and 5.13 percent respectively. Case in point: a Bank of America property in Fort Lauderdale, Fla., sold for close to $9.3 million, at a cap rate of 4.6 percent. CBRE sold the property for Trion Group, through competitive bidding that garnered 15 offers. Bank of America has a 20-year NNN lease on the 5,835-sf property with 12 percent increases every five years and 10 five-year options.


“The average warehouse/distribution facility in the U.S. is 42 percent larger than it was in 2000. When it comes to supply chain advantages, these giant facilities allow companies to experiment with different fulfillment strategies and respond to the demands of high-turnover online retailing.”

— John Morris, leader, Cushman & Wakefield Industrial Services for the Americas


Canadian Investment Prospects, 2015

Industrial and hotel top the list of favored Canadian real estate investment prospects for 2015, followed by multifamily, office, and retail, according to Emerging Trends in Real Estate 2015. Warehouse and hotels show the greatest increase in investor favor over 2014, while multifamily interest remains on par with last year. Investor interest in office and retail lag behind last year. Regarding geographic markets, “Western Canada will remain the place to be, buoyed by strong performance in Calgary and Edmonton,” according to the report. “Commercial and office space on the edges of the urban core looks promising — as long as it’s the right price. Speculative industrial appears strong in Alberta and the western part of Greater Toronto. Those focused on Toronto opportunities would do well to explore retail opportunities as well as multi-residential opportunities along transit corridors. And in a country with an aging population, seniors housing — well managed and in good locations — offers attractive potential.”



New York Retail Highest in the World

Asking retail rents of $3,550 psf per year on Fifth Avenue in New York are the highest in the world, according to Colliers International. Madison Avenue in New York posts the second-highest U.S. rent on the list at $1,643 psf per year, up 24 percent from last year. While the dollar figures are astronomical compared with other U.S. cities — the third highest is Honolulu at $420 psf per year — double digit YOY rent increases are found in many markets, signaling a strong comeback for retail in 2015. Of 27 markets tracked, 17 saw retail rent increases between 10 percent and 30 percent.



This Is the Altered Normal

Fall 2020

Esri’s data on consumer behavior, demographics, and employment can help real estate adapt in the COVID-19 world.

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Building Progress

Fall 2020

Moody's Analytics Reis Chief Economist Victor Calanog, Phd, CRE, outlines how construction in many sectors will fail to meet expectations for 2020.

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The CMBS Stress Test

Summer 2020

The commercial mortgage-backed securities market is particularly vulnerable amid the COVID-19 pandemic, with borrowers and lenders looking for creative solutions to unprecedented problems.

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Market Trends in Commercial Real Estate

Summer 2020

Office Renters Change Priorities in Wake of Pandemic | Recreational Real Estate on the Rise | Case Study: COVID-19's Impact on Eastern PA Big-Box Market | Hospitality Owners Have Reservations as Occupancy Drop | Seniors Housing Responds to Mounting Pressure from Pandemic | Mixed-Use Developments Can Keep It Local | Supply Chain Reacts to Social Distancing | Self-Storage Weathers Early COVID-19 Storm

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