Commercial Real Estate & Business News December 5, 2019

Parking Lots, Once Asphalt Wasteland, Become Golden Opportunities As the lure of urban living pulls more residents from the suburbs, developers are scooping up prime real estate in downtowns across the United States. Soaring property values have created opportunities for owners of an overlooked, underdeveloped asset: the surface parking lot. Sales of such lots have risen nationwide over the past five years, surging to more…»
Multifamily Investors Are Spending More Capital in Secondary, Tertiary Markets
Multifamily investors are now more likely to spend their money on properties in secondary and tertiary markets rather than in primary markets. “In secondary and tertiary markets… the number of offers that we are generating is much higher than what it was,” says John Sebree, Midwest-based first vice president and national director of…»
Outlook Remains Strong for Investment in Single-Family Rentals
The single-family rental (SFR) market continues to benefit from strong demand and rental growth, according to industry sources.In high-growth markets including Texas or Florida, SFR yields after expenses now average in the 4- to 5-percent range, according to Douglas Bendt, president of Bendt Enterprises, a consulting firm based in Boulder, Colo. (Bendt does…»
Builders Are Coming to the Housing Market’s Rescue
A housing market stymied by supply shortages will get relief next year from homebuilders, according to the National Association of Realtors.Single-family housing starts likely will total 1 million in 2020, the highest since 2007, the trade group said in a forecast on Wednesday. That was the year prior to the housing market meltdown that spurred a global…»
Housing Forecast Reveals Trends You Need to Watch in 2020
At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the 2020 housing forecast released today. The housing forecast predicts that despite some…»