Commercial Real Estate & Business News – June 3, 2020

Casual Dining Properties Fall Off Investors’ Menus
The coronavirus pandemic has boosted the business of drive-thru, quick-service restaurants, but sit-down eateries have started falling out of investors’ favor, according to two brokerage firms that specialize in the sector. In the first quarter, the national capitalization rate for single-tenant casual dining properties…»
Coronavirus Slams Brakes on Commercial Real Estate Price Growth
Commercial real estate price growth flattened in April as deals begun before the pandemic were completed and overall transaction volume slowed sharply, according to the latest monthly CoStar Commercial Repeat Sale Indices. The CCRSI equal-weighted U.S. Composite Index, which reflects…»
Nonresidential Construction Spending Falls in April
National nonresidential construction spending decreased by 1.8% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $801.8 billion for the month, a 0.9% increase from April 2019…»
Retail Rents Expected To Drop 5.5% From Pandemic
Retail rents are likely to decline by 5.5% in 2020, as discretionary retailers like apparel stores, specialty shops as well as dining establishments have been pummeled by the COVID-19 pandemic, according to a new report from JLL. The company’s analysis pointed to a clear bifurcation in the retail market…»
Office Space Demand to Decrease, NAIOP Predicts
National economic upheaval and surging unemployment will push U.S. office market absorption into negative territory through the second quarter of next year. That’s according to the NAIOP Research Foundation’s Office Space Demand Forecast for the second quarter. NAIOP anticipates that the steepest…»