Commercial Real Estate & Business News January 2, 2019

Will 2019 Be the Year for an Infrastructure Spending Bill?
President Trump is nearing the halfway mark in his current term, and the country is still waiting to see if he will make good on one of his key campaign promises-a $1.5 trillion infrastructure spending plan. Early in 2018, the Trump Administration introduced a plan that calls for putting up $200 billion in federal funds that would require a 4-1 match from state and local governments with an aim to…»
CBRE’s CRE Outlook: Economy Will Lift All Sectors in 2019
Sustained momentum from the U.S. economy’s extended economic expansion bodes well for major commercial real estate asset classes in 2019, promising additional allocation from institutional and international investors, a hunt for opportunities in secondary markets, and robust construction completions in sectors such as office and multifamily, according to…»
How to Prepare for the New Office Space Trends
The average worker spends 40% of the day at their desk. Eighty percent of work is defined as “collaborative.” Forty-three percent of respondents in a survey indicate that less than 5% of their worksite include enclosed offices. More than 80% of workers spend their time engaged in collaborative work. So says JLL’s 2018 Occupancy Benchmarking Report. What do all these stats ultimately mean?…»
Phoenix Class-B Rent Growth Among Top in US
Phoenix is one of the top 10 markets for class-B rent growth, according to a new report from CBRE. The ranking illustrates the intense growth in the market, and has fueled substantial value-add investment activity. The rent growth in this specific segment of the multifamily market illustrates Phoenix’s value proposition is affordability, which has fueled population and job growth in the market…»
What the CRE Workforce Will Look Like in 2019
FPL forecasts a positive outlook for commercial real estate salaries, bonuses and workforce growth forecasted for 2019. For its annual “Real Estate Compensation Pulse Survey, the global professional services firm polled 276 real estate companies globally in several areas including compensation via base salary, overall performance, annual bonus, long-term incentive, and…»