Urbanism Group knows that in our country’s current economic state, remaining competitive is imperative for business owners. One way to gain –and retain—that competitive edge is to take advantage of the option of office ownership over renting when possible. That’s because over the years, ownership of your business’ headquarters has been a global norm... [Read more...]
Bloomberg reports that national commercial real estate mortgage defaults dropped in the fourth quarter, a big deal considering this is the first time defaults have declined since 2006. The default rate---4.36 percent in the third quarter---fell 0.8 percent in the fourth quarter to 4.28 percent, according to numbers from Real Capital Analytics. This includes defaults... [Read more...]
Small Business Optimism Could Help Office Market
The small business optimism index rose again last month, making it comparable to index readings from before the recession, according to the Marcus & Millichap Research Brief. Tax breaks are a contributing factor of the optimism, as well as legislation that came out toward the end of 2010, which helps small businesses get lending. Although small business... [Read more...]
Office vacancy dropped a bit in South Florida at the end of last year, according to the South Florida Business Journal and based on a report from Cushman & Wakefield. The vacancy in Miami-Dade County fell by 0.3 percent from the third quarter to the fourth quarter last year. Office leasing rose nearly 22 percent in 2010, reaching 2.6 million square feet.... [Read more...]
Economic indicators reveal state of CRE looking up
We have more positive news for the commercial real estate industry: during the last few weeks of the year, economic indicators have shown a better outlook, according to this National Real Estate Investor article. NREI reports, “In particular, the 10-year Treasury yield reversed a year-long decline. … The critical benchmark for commercial real estate lending... [Read more...]
