Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:
Retailers Expect Real Estate Trends to Continue in 2017, By Mark Heschmeyer, CoStar
Key Excerpt:
“The strategies remain the same because the macro trends driving the sector are still in place. Consumers have not returned to the debt binging from before the Great Recession of 2008-’09, which killed off an era of excess. Not only have consumers become more cost-conscious and using rapidly changing technologies to guide their buying decisions, they are also rethinking priorities and re-assessing the value material possessions over the best use of their time.”
U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in Q3, By Michael Gerrity, World Property Journal
Key Excerpt:
“According to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016.”
Is CRE Past Market Peak?, NREIOnline
Key Excerpt:
“Based on NREI’s survey of industry professionals in November, fewer commercial real estate insiders believe that the market is at its peak than was the case in October. 44 percent of those surveyed indicated they believe the commercial real estate market is currently at its peak versus 55 percent in October.”
Avoiding Past Boom or Bust Cycle, US Office Construction Extends Recovery by Closely Matching Demand, By Randyl Drummer, CoStar
Key Excerpt:
“Office construction has remained surprisingly ‘in tune’ with market demand, avoiding the boom and bust cycles seen in 2007, when 187 million square feet was under way; and the whopping 250 million square feet that was under construction in the first three quarters of 2000, according to CoStar Portfolio Strategy data.”
The Growing Impact of Wireless Accessibility on Property Values, By Vince Varga, NREIOnline
Key Excerpt:
“Wireless access may not be what makes the client sign a contract, but the lack of adequate connectivity is a major strike against a property—and perhaps even a deal breaker. Poor wireless connectivity is also a growing factor in turnover of existing tenants in the commercial market. Frustrated tenants whose employees need to go outside their building to reliably send and receive calls and email messages are much more likely to move on to another space.”