News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Tim Trainor / CoStar / July 31, 2013
Rents in Warehouse Distribution Markets Play Catch-Up in Second Quarter as Increased Demand Spreads Across More Markets and Continues To Outpace Meager New Construction
Rents in a handful of top warehouse distribution markets posted year-over-year rent gains of 5% or more in the second quarter, virtually unheard of in the staid property sector more accustomed to 1.3% annual rental rate growth.
For the U.S. warehouse market as a whole, the average asking net rent rose to $4.75 per square foot, a 2.1% increase from one year ago. The upward trend in rents was boosted by 37.3 million squareRead More
Bill Palmer / Editorial Director, Commercial Construction Group / July 30, 2013
The newly named ASCC Concrete Executive Leadership Forum (formerly the CEO Forum) in Palm Beach, Fla., in July was another great opportunity to network with new and old friends in the concrete construction business. One of the highlights of this meeting is the contractor roundtables, where a random group of contractors gets together to discuss an issue of interest. One of the roundtables in which I participated took on a topic near and dear to every contractor’s heart: margins—whether they have come back and how to get them a bit higher.
The consensus was that business is better but theRead More
Randyl Drummer / CoStar / July 17, 2013
‘Across the Board Improvement’ is Prevailing Theme for CRE Pricing, Sales Volume, Fundamentals in May
Pricing of commercial real estate strengthened across the board, with pricing gains accelerating in May following a seasonal soft patch in the early months of 2013, reflecting solid market fundamentals, broadening investment activity and healthy demand for virtually all types of commercial properties, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI) release.
The value-weighted U.S. Composite Index and the equal-weighted U.S. Composite IndexRead More
Randyl Drummer / CoStar / June 18, 2013
Turner Construction Index Shows 4% Annual Increase in Construction Costs
Non-residential construction costs rose in the second quarter as larger urban markets appear to be expanding more rapidly than other regions, according to Turner Construction Co.’s most recent Building Cost Index.
Turner’s Second Quarter 2013 Building Cost Index measuring costs in the U.S. non-residential building sector was 859, an increase of 1.18% from the previous quarter and 4% from the same quarter a year ago.
In addition to rising activity in larger urban areas, contributing to the increaseRead More
Randyl Drummer / CoStar / June 12, 2013
Pricing Improvements Signify ‘Virtuous Cycle’ Encouraging Lending, Capital Inflows
Commercial real estate prices resumed broad-based gains in April, shaking off the effects of a seasonal slowdown in the first quarter, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI) release.
The equal-weighted and value-weighted U.S. Composite Indices posted solid monthly gains in April of 1.9% and 1.1%, respectively, as market fundamentals continued to improve across all the major CRE property types.
The value-weighted U.S. Composite Index, comprisedRead More