Commercial Real Estate & Business News – September 14, 2015

Commercial Property Prices Continue to Rise

Prices on commercial real estate assets continued to move upward in July, the most recent period for which data is available, according to Moody?s/RCA Commercial Property Price Indices (CPPI). The all-property composite index rose 0.7 percent during the month, and 2.8 percent during the three-month period leading to July 31. Prices on retail assets rose the most in July, by 1.7 percent… Read more »

Phoenix Not Approaching Another Housing Bubble

Double trouble for another housing bubble? Not so, say industry watchers. At least not in the Phoenix area. Quashing rampant rumors about a looming second housing crisis on the horizon, real estate expert Michael Orr told KTAR?s That Real Estate Show some of the concerns about the market in recent weeks may be a little premature. ?Whenever prices go up quickly, people are very much keen to jump on the bubble bandwagon,?… Read more »

Strong Demand Leads Developers to Pursue New Industrial Projects

In today?s market, developers can?t build new industrial properties fast enough to meet the demand from tenants and investors. In the first half of 2015, strong demand for industrial space pushed U.S. occupancy and absorption rates to record highs. Slightly more than 50 million sq. ft. of new industrial space came on-line in the second quarter… Read more »

Renters Not Looking to Buy Anytime Soon, Zillow Says

Renters are losing faith that they will be able to buy a home in the next year, a worrying sign that the housing market won?t get a boost from new buyers anytime soon, according to a new report by Zillow. Some 4.9 million renters say they plan to buy in the next year, down from 5.2 million in January, according to the property-market database company. Renters? confidence is especially weak in strong markets, such as… Read more »

What Markets Are on Investors? Radar Screens?

Markets that garner the greatest demand are typically coastal gateway markets such as Los Angeles, San Francisco, New York City, Miami, and Washington D.C. But there are many other markets getting more and more interested.Additional markets on investors? radar screens, according to Berres, include Salt Lake City, Seattle, and Phoenix. And California?s markets will typically be favorites among investors due to the high barriers to entry… Read more »