Recent construction data suggest that multifamily supply growth will peak in Q4 2018 and correct to near the 10-year average by 2020. But don’t completions routinely come in at 15-25% under the projections?
Rents and commercial values in Queens and Arlington will certainly rise, but the broadest impacts will occur residential areas radiating out from these two sites…
250,000 jobs were added in October, beating expectations. All sectors of the economy reported solid gains, and wage growth for the year is at a post-GFC high.
New research looks into the practice of passing the costs of commercial property tax hikes on to tenants.
Slowing from Q2's 4.2%, GDP growth was a still-strong 3.5% in Q3, driven by a strong 4% gain in consumer spending. The deceleration reflects a downturn in exports and nonresidential fixed investment.
Why hasn’t rental growth climbed higher during this economic expansion?
The U.S. and China recently placed import tariffs on $34 bn of each other’s products. The U.S. has also threatened tariffs on imports from Europe, Canada and Mexico. Should the trade disputes escalate, industrial space demand will likely decline.
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