News: Front Section
Posted: December 30, 2016
What are your predictions for commercial real estate in 2017? - David Kirk of Kirk & Co.
David Kirk, Kirk & Co.Commercial real estate markets have already experienced dramatic cost increases in labor and materials. Many local high growth markets will experience turbulence as pipeline additions are delivered in 2017 and 2018. FED action on rates at the December meeting and increases in 2017 will further secure increasing costs of capital. Reconciling costs for new construction with sustainable economic performance is already challenging.
Competition for existing properties has forced pricing into stalling ranges in many geographic submarkets because of risks of sustainable performance. Peaking is broadly used to describe property prices in commercial markets. However, revisions in inventory like adaptive reuse, upgrading and other value add strategies are still rewarding. And the economic outlook for 2017, regardless of the length of this expansion, appears to favor further play, less waiting and watching, or folding.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.