Annual growth in U.S. property prices slowed in March to the most modest rate since 2011, according to research firm Real Capital Analytics (RCA). But industry experts say commercial real estate pricing—and transaction volumes—could gain steam, or at least hold steady, as the year progresses. Click here to read the article.
In most real estate circles, developers and investors were seen as waiting for the latest OZ guidelines before embarking on projects. Not so in South Florida. The relatively robust market had emerging areas like the Miami River District and Delray Beach, and preliminary regulations were enough for some developers to embark on OZ projects before the […]
The Mortgage Bankers Association (MBA) recently reported another stellar year for commercial/multifamily mortgage originations in 2018. Although the MBA will release final data next month, results from its fourth quarter mortgage originations survey point to volume that could be 3 percent higher than the record $530 million reached in 2017. Click here to read […]
The private sector added more than 206,000 jobs in the past year in Florida, including 24,300 jobs during the month of February, according to the Florida Department of Economic Opportunity. The state’s unemployment rate in February dropped to 3.5%, down 0.4% from a year earlier. Click here to read the article
Total U.S. leasing volume for 2018 will probably top 400 million square feet for the fifth straight year when analysts finalize the tally, probably setting a new high for leasing in the past decade, exceeding 450 million square feet, CoStar analysts said. New York led all markets with 42 million square feet of leasing last […]