In today’s commercial real estate news – we’ll look at how the outlook remains bright for commercial real estate despite a price plateau, how the NAR sees commercial real estate price growth weakening, a deal to acquire For Rent to add millions of renters to CoStar’s apartments.com network, US cities are reporting the least optimism about their finances since 2012, and much more.
Commercial real estate price growth in large markets is expected to flatten over the next year.
The next 12 months should see a flattening in commercial real estate price growth.
CoStar Adding Scale in Online Apt. Rental Space, 110 Million US Renters Spend Nearly Half a Trillion Dollars on Rent Per Year in Fast-Growing Consumer Market Segment.
The share of cities reporting that they’re more able to meet their financial obligations than they were a year ago slipped to 69 percent, the least since 2012.
NREI presents the seven most active data center markets in the U.S. during the first half of 2017, based on absorption of megawatt capacity.
While developers have been touting the revitalization of Philadelphia’s commercial real estate market in recent years, an alternate trend has emerged.
A slew of data suggests that price growth and deal volume has slowed in the upper end of the commercial real estate market in places like Manhattan and Washington, D.C.