Economy Watch: Total Construction Spending Down, Though Spending on Apartments, Offices Up
U.S. construction spending during May 2016 came in at an annualized rate of $1,143.3 billion, or 0.8 percent below the bureau’s April estimate.
Economy Watch: CRE Prices, Other Metrics Gain Ground in May
U.S. commercial real estate enjoyed solid price gains in May, coming on the heels of declines during the early part of the year.
U.S. Rent Growth Strong Amid Brexit Concerns
Yardi Matrix’s monthly report analyzes the future impact of Brexit as well as continually strong rent growth in the United States.
Economy Watch: Final Estimate Puts US GDP For Q1 at 1.1 Percent
By all accounts, the first quarter of 2016 was a weak one for U.S. economy growth.
Economy Watch: One Survey Finds Retailers Optimistic, Ready To Compete With Internet
Retailers reported strong year-to-date performance, and also an eagerness to adapt to an increasingly e-commerce-influenced landscape.
NAA Report: Harnessing the Power of Utility Data
Experts from both the private and public sectors of energy benchmarking and data analysis shared solutions for maximizing a building’s utility performance at the annual conference.
Economy Watch: Will Brexit Affect US CRE?
It looks like the U.K. is leaving the European Union.
Rent Growth
Seattle, Sacramento and Portland achieved the most significant rent growth, with all three markets seeing gains in excess of 11%. Phoenix and Atlanta followed with year-over-year growth in the mid-8% range. Conversely, San Francisco, Denver and Houston continued to decelerate.
NAA Report: Solutions for Affordable Housing
Key housing industry players explored solutions for the affordable housing crisis as government programs struggle with growing demand.
Top 10 NYC Multifamily Sales in May 2016
Check out the latest data from Property Shark and discover the priciest multifamily apartment deals in NYC recorded in May 2016. Find out the one borough which managed to put up a fight against Manhattan, who some of the top deal makers were, and what the kings of New York real estate are buying up now. 1. Sale Price: $75,400,000 Buyer: US-Dev Associates II LLC Seller: 85 East 10th and 112-120 East 11th Street LLC Part of a larger $127M deal which incorporates 6 East Village buildings, this property is slated for new development. New owners, Lightstone, are expected…