Posts Tagged ‘construction’

Rising Skyline: New Construction Rent Premium

Construction activity in Manhattan is the highest it has been in over two decades. The resurgence of new development will have a substantial effect on the overall market in terms of both vacancy rates and pricing. • Delivery of new product usually causes a spike in vacancy and in average asking rents—particularly in older/less desirable […]

Construction Activity Returns to the Northeast

Construction activity has returned in the Northeast. From Central New Jersey to Portland, Maine, new construction has reemerged, particularly in the major markets of Manhattan and Boston. Nearly 38 percent of the 48.0 million square feet (msf) currently under construction in U.S. markets are located in the Northeast.

RACE TO BUILD

Developers are now in a race to build the next new addition to the San Francisco skyline. Over the past two years, strong tenant demand, especially from technology firms like Salesforce, Square and Twitter, has propelled San Francisco to outperform much of the US and global market. Vacancy rates have fallen below the 10% mark, […]

Where Has All the Development Gone?

Construction activity has always been a good benchmark of the industrial sector’s strength. However, with the extended lag time between concept and completion, it may be better viewed as a confirmation of where the industry has been over the last 12 to 18 months. With that in mind, it should come to no surprise that […]