In Thursday’s commercial real estate news – we’ll give you a look at the the most powerful brokerage firms of 2018, technology’s impact on the future of CRE, the 6 top CRE trends, and so much more.
Commercial real estate transaction volume has declined from its 2016 peak, but remained relatively strong in 2017 and the beginning of 2018 compared to the early years of the current cycle. Commercial real estate remains an attractive asset class for many investors, however rising interest rates and stagnant cap rates are making it difficult to earn significant returns on certain deals and in specific markets.
The retail industry has been experiencing disruption due to technological innovations that have pushed a growing number of consumers to mobile purchases and e-commerce transactions.
GlobeSt.com got an exclusive look at the commercial real estate data and trends set to define dealmaking and investments for the rest of the year by law firm Akerman LLP. The ninth annual Akerman US Real Estate Sector Report, which has been tracking executive sentiment in CRE for nearly a decade, identified six top trends among leading real estate executives:
Property related workflow is particular. There are a lot of different things that get talked about by a lot of different groups. For an office building design, for example, facilities managers want to understand layout, IT wants to plan the low voltage wiring, the real estate team is considering the amount of flex space, and human resources is trying to figure out how to plan the gender neutral bathrooms.
Hudson’s Bay Co., the owner of Saks Fifth Avenue, said it will close as many as 10 Lord & Taylor stores — including the flagship Manhattan location — in an attempt to revive its struggling units.
Despite intensifying concerns about the maturity of the current commercial real estate cycle, publicly-traded REITs remain on solid footing and have good options for deploying their capital.