Multifamily construction activity this business cycle has consistently exceeded that of the previous decade. Class A development accounted for more than 68% of annual deliveries in the peak construction years of 2015-2018—and just 10 markets captured 36% of the deliveries.
Read our Instant Insight on the U.S.- China trade agreement covering key takeaways on Phase One of the tariff agreement, its implications for CRE and perspectives for owners and occupiers.
Tim brings over 23 years of experience in the Idaho commercial real estate market as an Investment Broker. Mr. Reid has worked with and established productive, long lasting relationships with many of the local and national developers, owners, investors, city officials and economic development agencies. He is highly regarded among his fellow colleagues and looks forward to sharing his expertise with the community.
The North American industrial market saw a bit of a slowdown in 2019 coming off a banner year in 2018. But what’s in store for 2020-2021? With the continued support of tailwinds like technology, eCommerce, AI, blockchain, and the ongoing tensions with international trade, it is safe to say the next couple years will be anything but boring for the North American industrial market.
2019 was the year that the pop-up store "popped out." Digital natives going bricks-and-mortar; an explosion of local entrepreneurism; the rise of upstart brands; a new launching pad for global retailers, and so much more—these are all examples of the types of pop-up trends we are seeing in retail.
Cushman & Wakefield Pacific is excited to announce plans to relocate their Boise offices to One Capital Center, 999 W Main Street, Suite 1300. After 8 years in BoDo, the decision was made to move to One Capital Center in order to accommodate growth as well as to upgrade to one of downtown Boise’s most prestigious Class A office buildings. The move will occur in mid-January. Upon occupancy, the Cushman Wakefield Pacific Office Team will also become the exclusive listing agent and leasing broker for One Capital Center.
Flexible workplace—a 40-year-old proven operating model with a sustained track record of profitability—has been more visible and newsworthy as of late. The demand for tenant-focused, highly-amenitized, turn-key space on flexible terms remains robust with all signs pointing toward increased demand over the long-term.
Transaction activity accelerated in the third quarter of 2019 to $141.9B—up 9% quarter-over-quarter. Third quarter volume was down 8% compared to a year ago, but Q3 2019 was still the second strongest third quarter on record for transaction volume.
U.S. multifamily volume growth eased in the third quarter, following a strong second quarter. Transaction volume declined 12.1% year-over-year. However, YTD, investors deployed capital in multifamily assets to the tune of more than $122 billion, a 5.2% increase over the same period in 2018.
Consumers' Rising Influence, Investors Still Buying
Current economic indicators bode well for the healthcare sector. While medical office market indicators have slowed in the past twelve months compared to previous years, 2020 looks to be another strong year for healthcare real estate. Healthcare providers and investors should capitalize on the positive outlook and sector growth by continuing their shift toward consumer-friendly care delivery and prioritizing accommodations to new regulations.