Warehouse/industrial Market activity slowed in the 4th quarter of 2008, however the year ended with stabilized occupancy at 73%, basically unchanged from 2007. Occupancy in 2009 is expected to decrease. The construction industry is cutting back on occupied space as the cautious business climate and lack of financing continue to exert a negative influence in…
I’m sure a lot of people would like to know what a Subprime Mortgage is and what exactly happened last Summer that resulted in the Subprime Mortgage meltdown. I think it is important to understand what events occurred that got us in this Credit crisis and how it has spilled over into commercial real estate. It…
2008 is a great time to BUY Real Estate because some investors as well as some banks are overleveraged. Over the last few years many investors in the commercial real estate market are feeling the same payment problems as residential homeowners. They have bought their commercial investments and because of the increase in interest rates,…
Is it a good time to purchase multi-family property? Some of the current market conditions indicate that 2008 could be a year of opportunity for investors in multi-family properties. Let’s review some of the favorable conditions for the apartment market. A review of three factors, demands for apartments, supply of apartments and the financial…
At the risk of sounding cliché . . . . . . . with this ever changing real estate market and the impact of the subprime market fiasco, now more than ever the importance of LOCATION, LOCATION, LOCATION is quite evident!! National trends, specifically in the Southeast, are showing us retail property prices are beginning to…
From 2004 to 2006 the U.S. Lodging industry experienced the strongest revpar growth in 22 years. One chain scale that has continued to sustain record-breaking success is the category labeled “midscale without food and beverage.” These properties represent 8,096 hotels with 705,305 guestrooms or 16.6 percent of the total U.S. room supply. Through May 2007,…
On March 24, 2008 the National Association of Realtors announced that existing home sales in February rose 2.9% over January sales. This ended a seven month string of steady declines and was the first sign that the real estate market might be showing signs of recovery. February 2008 sales were still 23.8% below February 2007…
Why are economists predicting that the economy will started coming back in the latter half of this year? Because, as I explain below, that’s when the cuts in interest rates and the fiscal stimuli will take hold and be reflected in our measurements of how the economy fares. I am already seeing a loosing up…
With nearly $18 million dollars worth of commercial building permits for the first quarter of 2008, Houston County keeps growing. Highlights include the new Publix shopping center on the Perry Parkway and a new hotel on Fairview Drive in Perry. After more than a decade of planning the I-75 Frontage Road connecting Watson Boulevard and…
The Macon, Georgia downtown and suburban office real estate markets remained stable in 2007. According to Fickling & Company’s recent survey, including a comparison of almost 1,000,000 square feet of office space in Bibb County, the 2007 suburban office market remained virtually unchanged. The suburban market maintained approximately 80% occupancy which is a slight decrease…
