According to JLL, office space users preferred Midtown's Class A buildings by a wide margin, claiming 24 of the top 26 transactions in the submarket in 2017.
It's been a doozy of a winter so far in the U.S. More snow, in some places, than many of us have ever seen in our lifetimes. More ice, more freezing roads, more sub-zero temperatures. In fact, it seems to be that kind of winter in many parts of the world.
According to data from CBRE, vacant office space in the U.S. increased slightly by 10 basis points (bps) during the fourth quarter of 2017 (Q4 2017) to 13 percent. For the year, vacancy inched up 10 bps, marking the first year-over-year increase in vacancy since 2010.
According to InternationalLiving.com's 2018 Global Retirement Index, Costa Rica takes the top spot for the first time in the index's history.
The lack of affordable, buildable lots and the scarcity of labor affected home production in 2017. While starts increased by 9 percent over 2016, the characteristics of these new homes stayed largely the same.
Spending on residential remodels will continue to grow at a modest pace in the next two years. Professional remodelers from around the country agreed with the forecast, citing increased consumer confidence.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2018, U.S. mortgage applications increased 8.3 percent from one week earlier.
2017 was a year of large deals for Manhattan's office market for securing space larger than 100,000 square feet, including 11 transactions of greater than 250,000 square feet.
The National Association of Home Builders is reporting that U.S. builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December 2017
According to Freddie Mac's latest Primary Mortgage Market Survey for the first week of January 2018, the average mortgage rate dipped in the U.S. Treasury yields fell from a week ago, helping to drive mortgage rates down to start the year.
Brits will not be deterred by the weaker pound and Brexit negotiations and will continue to buy properties in France over the course of 2018, thanks to the positive tax reforms and their desire to secure a property before the Brexit deadline.
According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).
Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 29, 2017, Mortgage applications decreased 2.8 percent from two weeks earlier. The results include adjustments to account for the Christmas holiday.
Technology advances in areas such as big data analytics, machine learning and artificial intelligence are transforming industries across the globe, providing insights and opportunities for those in the vanguard, while technology laggards risk becoming obsolete.
According to the latest House Price Report released today by Ireland property portal Daft.ie, home prices across Ireland nationally rose by more than €20,000 ($24000 USD) on average during 2017.
According to Zillow, the total value of all homes in the United States in early January 2018 is now $31.8 trillion after gaining $2 trillion in 2017. The cumulative value of the U.S. housing market grew at its fastest annual pace.
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 68,800 sq. ft in November 2017, with average monthly rent reaching HKD 71.7 per sq. ft -- 0.3% higher than in October 2017.