Happy Friday, investors! In today’s commercial real estate news, e-commerce is boosting the industrial sector, the UK is going green, and expect good things for commercial lending in 2017.
E-commercie is the strongest force moving industrial properties today. Rental rates for warehouse properties are reaching record highs as online retailers fight for the best locations. Despite all the construction, demand is set to outpace supply for quite awhile.
For investors looking for a higher return, green is the way to go. Land Securities, the largest commercial real estate in Britain, announced its plans to cut greenhouse emissions by 80% by the year 2050.
Commercial lending was slightly lower in 2016 than the year before, but investors are optimistic for the future. An MBA survey showed 77% of originators had a strong desire to make new loans over the coming year.