Commercial Real Estate News
Commercial Real Estate Trends in the United States
Mar 10, 2017
Big changes predicted for commercial real estate
Matt M Johnson
A consultant who predicts a 2018 end to the current commercial real estate cycle says the industry will see fewer office and retail property sales, but more multifamily sales as millennials eschew homeownership.
Christopher Lee, president and CEO of Los Angeles-based commercial real estate consultancy CEL & Associates, said the industry shift is a based in part on “generational” factors. Those factors include younger workers spending less time in the office, a homeownership rate 10 points below a mid-2000s peak, and manufacturing productivity increases fueled by automation and robots.
Change is coming even as the commercial real estate market flourishes in the current post-recession boom, Lee told about 200 people gathered Tuesday for a NAIOP Minnesota event in Golden Valley. More info...
Mar 4, 2017
Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists
Federal Reserve Chair Janet Yellen said an interest-rate increase would “likely be appropriate” at the central bank’s upcoming meeting if employment and inflation continue to meet policy makers’ expectations.
At our meeting later this month, the Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” Yellen said in prepared remarks to be delivered Friday at the Executives’ Club of Chicago. More info...
Mar 4, 2017
Commercial Real Estate Lending Ended 2016 on Strong Note
By Mark Heschmeyer
Although overall lending volumes for the fourth quarter of 2016 were 7% lower compared to the fourth quarter of 2015, commercial real estate loan originations for the full year 2016 overall are expected to be just 1% lower than 2015, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. More info...
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