Your source for construction industry news in the Carolinas
The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months. “Although industry professionals know more about how COVID-19 affects demand for commercial real estate than they did in the spring, uncertainty remains about when the economy will fully recover,” said Thomas J….
In NAIOP’s sixth monthly survey tracking the effects of the pandemic on the commercial real estate industry, respondents reported continued gradual improvement in deal activity, but also reported more tenants seeking rent relief, particularly in the office sector. The survey was completed by 203 NAIOP members between September 15 – 18, 2020. Respondents represent a…
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
The Building Owners and Managers Association (BOMA) International, Yardi and Brightline Strategies announced today a strategic partnership to field three, nationwide commercial real estate COVID-19 impact studies. The rolling research program is designed to assess the latest in tenant decision-maker sentiments relating to COVID-19, as well as its impacts on their businesses and attitudes towards…
We are certainly living in uncertain and unusual times; however, there are sound methods that contractors, developers and property managers can use to preserve cash, speed up the cash collection process, delay payments and seek optimal options for debt. Such options for construction and real estate entities are listed below. 1. Small Business Association (SBA)…
Greenville, S.C.-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector,has acquired Reserve at Asheville, a well-maintained, 380-unit apartment community in Asheville, N.C. Situated along Highway 63, a major Asheville thoroughfare, the Reserve at Asheville has averaged 94.7 percent occupancy over the past two years. The property is located at 11…
The NAIOP Commercial Real Estate (CRE) Sentiment Index, which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes…
The NAIOP Commercial Real Estate (CRE) Sentiment Index which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes of…
New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. The combined impact of these property types supported 8.3 million American jobs and contributed $1 trillion to U.S. GDP in 2018. The study…
Key Takeaways Due to high demand, absorption will continue to be positive; however, due to new construction growth, the vacancy rate is expected to rise in the next few quarters. Charleston overall market rental rates are higher relative to the last quarter and are expected to rise as new office construction is completed. As the…
