Businesses' hesitation to take office space was evident in the first quarter of 2013, according to new Reis figures. Occupied office space grew just 0.12%, it reported, while asking rents increased 0.7%.
The technology industry is revitalizing local neighborhoods from San Francisco to Seattle to Manhattan. These companies prefer edgier buildings and streets, instead of the anonymous steel and glass skyscrapers.
The ongoing bull market in REITs, and how long that market run can last, was the subject of conversation in a roundtable discussion by investment professionals brought together by REIT Magazine. REITs clearly have their concerns, such as about the fiscal situation in the U.S., but the investment executives conclude that REITs are still strongly and competitively positioned.
Industrial REITs led industry performance for the first nine months of the year, writes Marisha Clinton, director of Capital Markets Research at JLL. Industrial REITs posted a total return of 25.5%, followed by 23.3% for retail, 14.1% for office and 5.2% for apartments.