The headline did not look too positive: “US Durable Goods Orders Fall 1.3% in August”. Yet the data was much more positive than that initial headline indicated. In fact, the reason for the decline was entirely due to a drop in orders for aircraft, which had surged the previous month. To really understand this report, [...]
It’s true that industrial leasing is up 25.6% from last year. But remember that last year’s activity was weak at only 230.8 msf, well below the 10-year average of 305.5 msf. Decreased demand and a lack of financing for development have resulted in extremely low construction levels of industrial product. Through mid-year 2010, just over [...]
At AFIRE’s annual membership meeting in Chicago the atmosphere was upbeat, with most all presenters (even Sam Zell) bullish on real estate, but keeping an eye on the deficit, the pace of job growth and de-levering challenges. Investors were generous with praise for the US Fed for keeping rates low enough to carry properties through [...]
We keep hearing that the economic recovery is driven more by exports and manufacturing than consumers but retail property markets are starting to look more interesting and, in some cases, more active too. Retailer demand is still cautious but now reportedly increasing for example, while retail investment in Europe is up 48% this year compared [...]
As you will read in the post by our Head of Investment Strategies Janice Stanton, 2010 has been one of recovery for US capital markets with investment volumes up across the board and pricing improving in core US markets including Washington, New York and Boston. Part of the reason for this improvement has been a [...]
The economic times remain uncertain. With cautious optimism being offset by fears of a double-dip recession, many people are still questioning where we are headed and hope to gain insight and perspective from the current trends in real estate. We believe that the current industrial landscape, along with the supporting indicators, can provide significant insight [...]
Global Real Estate Capital Markets Blog Hi, I am Janice Stanton head of Investment Strategies, based in New York. Together with my international counterparts in London, Paris, Frankfurt, Singapore and Dubai, we will be bringing you capital markets trends and insights into investor activity on a global basis. Kicking off our blog will be an [...]
Kicking off our blog will be an overview of the market conditions in each of our major global markets beginning with the US in this week’s blog.. The US commercial real estate equity market, has experienced a tremendous rally over the last six months, not dissimilar to what we saw happen in London last year. [...]
One of the problems with economic analysis these days is the tendency to focus on every new statistic that is released as the most important piece of information about the state of the economy. Very often the data is incomplete, or the month being reported on has been distorted by any of a number of [...]
It’s hard to feel confident on a consistent basis these days when the stock market is so volatile, employment growth is weak and consumer and business confidence ebb and flow. But the strength in US office and industrial leasing is irrefutable – it’s in the books and these stats won’t be adjusted. Office leasing is [...]