The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season. The industrial market finished strong absorbing 68.8 msf in the Q4, the most space in a single quarter last year.
Medical office buildings and other outpatient care settings have been hot commodities in commercial real estate investment for the past several years. Legacy investors are doubling down on the sector, while new investors are competing for the limited product supply. What does that mean for 2020?
Legal sector change is occurring at lightning speed. Change that used to happen over a decade now transpires in two to three years—and staying ahead of this rapid rate of change is challenging for law firms of all shapes and sizes. Inside this edition of LEGAL BRIEFS, take a deeper look into trends impacting today’s legal sector, written by our very own thought leaders and selected guest experts.
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.