Commercial Real Estate & Business News – January 10, 2018

The construction industry has entered 2018 with expectations of a successful year ahead, according to a survey by the Associated General Contractors of America and Sage Construction and Real Estate. Most notably, construction firms anticipate demand for construction services to continue on the upswing across the board. Construction firms have reason to be confident…»
Rents continued to grow in 2017 as the market kept its stable footing heading into 2018, according to RealPage. In its latest report, the real estate technology and analytics firm said rents climbed at a moderate pace of 2.5% in 2017, and the typical monthly apartment rent is now $1,330 in the U.S. “While the apartment rent-growth pace has slowed from the performance seen a couple of years ago…»
As Baby Boomers age-10,000 Americans will turn 65 every day for the next 20 years-the total demand for inpatient care will witness enormous growth. With the number of mental health patients on the rise, micro-hospitals are steadily evolving into consumer-friendly environments, taking their cue from the hospitality industry. In addition, architects are prone to further incorporate digital technologies…»
In 2017 Americans learned to expect the unexpected, whether it be politics, weather or housing. Driven by record low inventory, little about the housing market went as forecast last year. “We thought there would be some things to take the pressure off,” reflects Skylar Olsen, senior economist at home search site Zillow. Interest rates would rise. Construction would pick up…»
The new year is starting with continued growth in the economy. Jobs continue to increase. Both the manufacturing and non-manufacturing sectors are expanding. Motor vehicle sales remain strong. Construction spending was up. And the local housing market remains strong. The current strength is likely to continue in the near and intermediate term as the effect of the tax cuts and proposed infrastructure spending work their way through the economy. While all good things must end, the end of this cycle does not appear to be in sight at this time…»