Here at RealtyMogul.com, we keep our finger on the pulse of all things real estate, from finance to technology and everything in between. We make a point of sharing interesting articles and think pieces among RealtyMogul.com staff to help our team stay abreast of the market, and ahead of the curve.
So we thought, why not share some of these insights with you, our partners?
Got A Minute? Here’s some recommended reading with key points from the content:
U.S. Economic Growth Rebounds on Inventory, Export Boost (Bloomberg)
- US GDP increased 2.9% on an annualized basis over the quarter – the largest quarterly increase in over two years. This outpaced the projected median survey forecast of 2.6% and was 150 basis points over last month’s meager increase of 1.4%.
- The data is in sync with the views of Federal Reserve policy makers that the economy is making slow and steady progress. The jump was primarily due to an increase in inventories and exports which overlapped with lower than expected growth for household spending.
Tech Job Growth Redraws Top Office Market Maps (NREI)
- The tech sector has grown to account for one-fifth of all office leasing today, says Colin Yasukochi, director of research and analysis at CBRE. Below is an interesting chart showing the supply/demand imbalance for the top CRE markets plotting tech job growth versus office growth.
Economy Watch: Multifamily Emerges as One of Strongest Asset Classes (MHN)
- The latest report by PwC and ULI (Emerging Trends in Real Estate 2017) highlights the industrial and multifamily sectors as being the best CRE investments for 2017. Strong demand, limited construction, and lower perceived risk were reasons mentioned in favor of the industrial sector.
- Among rationale for multifamily: massive entry into the job market for Millennials, consumers’ lingering wariness of for-sale housing product following the housing market crash of 2008; and credit issues for consumers, compounded by student debt and tightened bank requirements for home mortgages.
- Office was mentioned as a product type that is less in favor from US institutions given the sensitivity of demand to job growth and economic contractions.
Grocers Feel Chill from Millennials (WSJ)
- Could demand be changing for traditional grocery anchored space? WSJ profiles the changing dynamics of the grocery industry due to the reallocation of dollars to other food options as well as the rise of online grocery services like AmazonFresh and the relatively new hybrid stores that Target and Walmart have rolled out.
- Here you can begin to see the change in spending habits among younger Americans: