Each week, JLL Atlanta presents a roundup of noteworthy commercial real estate stories from a variety of industry publications. Here are five stories that caught our eye recently.
Rising Interest Rates And Commercial Real Estate: A Primer by Ely Razin of Forbes.
“In the short term, these higher rates may prompt concern about future rate hikes and could drive borrowers to seek refinancing now, before rates rise again. Others may wait, and the higher rates could cause greater friction. In the extreme, higher interest rates may constrain property deals, as they can become a barrier to entry for borrowers, who now have to pay more to access money for loans or mortgages.”
Solid Fundamentals Point to Another Strong Year for Commercial Real Estate by David Kessler for Real Estate Weekly.
“For the commercial real estate industry, despite some global turmoil and market uncertainty, 2015 turned out to be a year of growth and a year in which most expectations were met — a year in which opportunities recognized and seized yielded phenomenal benefits to savvy operators and entrepreneurs.”
US Office Market Stays Vibrant in 4Q by Brian J. Rogal for GlobeSt.com.
“The technology, banking and financial services industries were the most important, contributing to 15.6% and 11.2% of leasing volume during the quarter, respectively. For tech, top markets included the usual suspects: Silicon Valley, Boston, SF Peninsula and Seattle-Bellevue, but Chicago surpassed New York to round out the top five.”
Report: Expect 4.6% Multifamily Rent Growth for 2016 by Martin Drake of Bisnow.
“Yardi Matrix expects 2015’s hot markets to lead a 4.6% jump in apartment rent growth in 2016—down from 6.5% last year, but still killing the 2.8% eight-year average. Denver will lead the charge with a whopping 11.2% rent jump, followed by S.F. (11%) and Portland (9.2%).”
JLL Buys Real Estate Asset Management Company in Berlin via Zacks Equity Research.
“This acquisition is likely to unlock plenty of growth opportunities for JLL. As both companies function on similar kind of work ethics as well as ‘one stop shop’ philosophy, this is expected to entice clients looking for integrated retail services.”