Wednesday, July 31, 2013

Warehouse Rent Growth 'As Good As It Gets' in Second Quarter

National Commercial Real Estate News From CoStar Group

Warehouse Rent Growth 'As Good As It Gets' in Second Quarter

Rents in a handful of top warehouse distribution markets posted year-over-year rent gains of 5% or more in the second quarter, virtually unheard of in the staid property sector more accustomed to 1.3% annual rental rate growth.

For the U.S. warehouse market as a whole, the average asking net rent rose to $4.75 per square foot, a 2.1% increase from one year ago. The upward trend in rents was boosted by 37.3 million square feet of positive net absorption...

‘Tenant Star’ Label Would Engage Tenants On Energy Savings, Rewards

While it stands to reason that tenants account for most of the energy use in office buildings, most current sustainability and green building practices, incentives and certifications are primarily geared toward building owners, property managers and developers.

Such programs as the U.S. Environmental Protection Agency’s Energy Star program and the U.S. Green Buildings Council’s s Leadership in Environmental Efficiency and Design (LEED) have scored...

Getting To Closing: Unforeseen Hitches Hold Up Deals in Current Office Investment Market

While there is clearly growing investor appetite for well-located, well-tenanted trophy office properties and portfolios, getting to closing isn’t always proving to be easy in the current market.

Several REITs, including Corporate Office Properties Trust (COPT), Washington Real Estate Investment Trust, Brandywine Realty Trust, and soon-to-be-REIT Empire State Realty Trust all have potential property sales hung up by market vagaries. For one, the...

REIT Landlords See Increasing Demand for 2014 Office Leasing Deals

The U.S. office leasing market seems to have hit a positive turning point with REIT landlords, several of whom made special note in their second quarter earnings conference calls that they're seeing demand for 2014 deals increasing from both large and small tenants.

At the same time, certain markets and submarkets, as well as macro trends such as corporate consolidation and tenants extending or expanding only for short-terms, continue to pose...

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