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Commercial Real Estate News for Friday, July 14

In today’s commercial real estate news -we’ll look at how investors are becoming more uncertain about the current market cycle, how the Internet of Things (IoT) is affecting commercial real estate, office vacancy rates remain unchanged mid way through 2017, and much more.

Interest Remains High on Commercial Real Estate

A young couple is proposing a private club/lounge in downtown Porterville and that is just one of many things the city development department is reviewing, said city Community Development Director Jenni Byers.

Investors Become More Uncertain About Current Market Cycle Phase

In May, the percentage of survey respondents who said they were “not sure” where we are in the cycle rose to 10 percent.

Retail Growth Tapers Off as Rents Rise

The average asking rent, meanwhile, rose 2 percent since the start of 2017 to a record high of $4 per square foot per month.

The 21st-Century Real Estate Deal: How the Internet of Things Is Changing Commercial Real Estate

The commercial real estate (CRE) industry is on the verge of a major disruption: the Internet of Things (IoT).


U.S. Office Vacancy Rates Remain Unchanged in Mid-2017

According to CBRE, vacant office space in the U.S. remained unchanged during the second quarter of 2017 at 13 percent. The steady performance was attributable to a balance of supply and demand.

One of the largest owners of industrial properties in the world has accepted a proposed take-private buyout offer from a group of investors.

Mall Tenants Play Hardball In Lease Negotiations

Retailers are flexing their muscles in lease talks as landlords scramble to keep space filled.