According to the U.S. Census Bureau of the Department of Commerce, construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6%) above the revised September estimate of $792.1 billion. The October figure is 0.4 percent (±1.9%) below the October 2010 estimate of $802.0 billion.
According to Jones Lang LaSalle's third annual Port, Airport and Global Infrastructure (PAGI) report, the air freight industry is having a bumper year from a surge in global trade and higher cargo volumes. This surged has spurred additional demand for warehousing space around many U.S airports.
According to the National Association of Realtors (NAR), commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012. Lawrence Yun, NAR chief economist, said there is little change in most of the commercial market sectors.
(MIAMI, FL) -- "Don't bet against real estate" was one of the themes at a recent Realtors Commercial Alliance (RCA) conference this past week at the Biltmore Resort in Miami, a day-long event sponsored by the Miami Association of Realtors that focused on the current conditions of the U.S. commercial real estate investment and development marketplace
Based on new research from CBRE Group, New York City remains the world's most expensive shopping destination as retailers focus on the major fashion capitals, but as the Eurozone crisis continues to impact consumer confidence; rents have leveled off in all global regions in the third quarter of 2011.
Prolonged economic uncertainty in the U.S. is still taking its toll on the architectural community. According to the American Institute of Architects (AIA), after a sharp dip in September, the Architecture Billings Index (ABI) climbed nearly three points in October.
Based on a new report by Jones Lang LaSalle, Manhattan's primary office rental markets posted mixed results in October 2011. Class A vacancy moved higher in October, up to 11.4 percent, after falling for the last several months. Although the rate declined through the summer months, it has not fallen below 11.0 percent since November 2009.
Miami-based brokerage and advisory firm Blanca Commercial Real Estate has announced that the Consulate General of Mexico will relocate its South Florida office to 1399 SW 1st Avenue in Miami's Brickell Financial District. The Consulate General will occupy approximately 23,000 rentable square feet of space ...
According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2011 commercial and multifamily mortgage loan originations were 98 percent higher than during the same period last year and 10 percent higher than the second quarter of 2011.
Based on the most recent data from the U.S. Census Bureau of the Department of Commerce, construction spending in the U.S. during September 2011 was estimated at a seasonally adjusted annual rate of $787.2 billion, ...
According to Jones Lang LaSalle's mid-2011 U.S. Data Center overview, the U.S. data center market will continue to grow in the latter half of the year as demand shows no signs of slowing. Due to the thawing capital markets, providers and users of data center space are now able to make decisions, ...
According to Jones Lang LaSalle's High-Technology Industry Report, the resurgence of the high-tech industry has made a substantial contribution to Manhattan's office market recovery that began in mid-2010. After a significant decrease in 2009 caused by the economic downturn, high-tech employment has been consistently increasing ...
Based on a Manhattan-based Massey Knakal Realty Services' Third Quarter 2011 Property Sales Report for the entire New York City area (Manhattan, Northern Manhattan/Bronx, Brooklyn, and Queens), during the first three quarters of 2011 (1-3Q11) there was $19.1B in NYC property sales, a 111% increase from 1-3Q10.
According to Jones Lang LaSalle's Third Quarter 2011 United States Office Outlook Report, the U.S. office market absorbed approximately 9.4 million square feet of space in the third quarter of 2011, bringing the year-to-date total to more than 24.5 million square feet, eclipsing 2010 levels by more than 75 percent.
(MIAMI, FL) -- Beyond the coming Panama canal expansion boom in 2014, the new Free Trade Agreements with Colombia, Panama and South Korea will offer additional new opportunities to expand international trade and commerce that will be a direct and significant benefit the Port of Miami and the State of Florida overall.
Freddie Mac announced today a new offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities. The company expects to offer approximately $1.0 billion in K Certificates ("K-015 Certificates"), which are expected to price this week or the week of October 24, 2011, and settle on or about November 9, 2011.
Following the first positive score in four months, the Architecture Billings Index (ABI) reversed direction again in September. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.
Based on Cushman & Wakefield's Third Quarter 2011 statistics for U.S. Central Business Districts (CBDs), the office market recovery in multiple downtowns across the U.S. has slowed over the past three months. The overall average vacancy rate for office space in U.S. CBDs remained unchanged from midyear, ...
