New high-rise office towers near San Francisco Bay in Oakland, Calif. A new skyscraper in Austin, Texas. A new state-of-the-art distribution center in Houston. A 16-story hotel in Nashville. A new residential tower in downtown Boston.
These are some of the biggest new commercial real estate developments recently proposed recently around the United States. To learn more about these and other projects, check out this roundup from American City Business Journals.
Political and economic uncertainty has pervaded the past year, with the U.S. economy showing signs of growth amid low inflation and a distressed retail segment in 2017, as accountants struggle to understand all the implications of the recently passed changes to the tax laws and Europe prepares for Brexit. Here’s a look at three commercial real estate trends to watch in 2018.
There’s little evidence that the commercial real estate market is headed for a thud in 2018. But change is coming, as a new commercial forecast predicts that the days of tumbling vacancy rates and soaring sales appear to be over, starting with this year.
Avison Young recently released its 2018 North America and Europe commercial real estate forecast. One of the major findings is that vacancy rates in both the U.S. office and industrial markets are expected to rise, at least slightly, throughout this year.
That doesn’t mean that the office and industrial markets are forecast to be weak in 2018. Avison Young just says that the days when vacancy rates fell by 10 or more basis points every year appear to be over for now.
Trump’s $1 trillion infrastructure-spending agenda sat on the back burner much of last year as the new administration prioritized immigration, healthcare reform, and a tax overhaul. The proposal, which White House officials confirmed in December would be released this month, calls for an estimated $200B to be spent in federal funds over a 10-year period in order to incentivize another $800B in state, local and private sector spending.