New Construction Woes: Steel and Aluminum Tariffs Likely to Strain North American Commercial Real…

  In June 2018, the Trump Administration imposed a 25.0% tariff on steel imports and a 10.0% tariff on imported aluminum from Canada, as well as tariffs on all foreign steel and aluminum. In retaliation, the Canadian government implemented counter-tariffs of its own on steel, aluminum as well as select consumer products imported from the Continue reading New Construction Woes: Steel and Aluminum Tariffs Likely to Strain North American Commercial Real…

The Retail Crossroads: Exploring the Potential for Malls

Investment Activity Although regional malls have generated negative headlines over the past few years, the recent acquisitions of the Westfield Group (Westfield) by Paris-based Unibail-Rodamco (Unibail) and General Growth Properties (GGP) by Brookfield Property Partners (Brookfield) may signal new opportunities in the space. Unibail purchased Westfield in 2017 for $15.8 billion in a deal that Continue reading The Retail Crossroads: Exploring the Potential for Malls

Storm-Watching Real Estate: The Impact of Hurricane Harvey

Hurricane season is costly for commercial infrastructure, and servicers are busy keeping up with estimated damages during these times; however, the recovery measures prove to be effective. Around this time last year, the world watched as Hurricane Maria, the third hurricane to make landfall in the United States and its territories in less than a Continue reading Storm-Watching Real Estate: The Impact of Hurricane Harvey

How Chicago Office Development Is Fueling the Multifamily Boom

The Chicago skyline is seeing more office and apartment developments from 2017 well into 2018 thanks to a significant boost in firms re-locating to, or expanding their presence in, the city. Industry watchers are observing significant inventory growth as well as a year-over-year increase in apartment and office rents. In this commentary, DBRS, Inc. (DBRS) Continue reading How Chicago Office Development Is Fueling the Multifamily Boom

Improving a Building’s IQ: How Smart Technologies Can Benefit Commercial Real Estate

Increasing use of automation and smart building technologies can have a meaningful impact in commercial real estate, not only on operating expenses but also on asset quality. As these technologies proliferate, DBRS expects to see more reliance on computers to perform basic functions like temperature control, lighting, air quality, sanitation and even tenant-roster organization through Continue reading Improving a Building’s IQ: How Smart Technologies Can Benefit Commercial Real Estate

Is Airbnb Choking Out New York’s Multifamily Market?

  The housing issue in New York City has never been more dire than it is in 2018, with a vacancy rate of 3.6% according to the New York City Rent Guidelines Board 2018 Housing Supply Report. Rental listing analytics from Reis state that as of Q2 2018, the average asking rent for an apartment Continue reading Is Airbnb Choking Out New York’s Multifamily Market?

The Classic Appeal of Historic Buildings

As far as real estate goes, the mentality is often that a newer building is a better building. This makes sense, considering what kind of issues older buildings present: older buildings require renovations and maintenance to keep them functional, they are more susceptible to environmental damage and pest infestations, they can be less functional if Continue reading The Classic Appeal of Historic Buildings

The U.S. Senior Housing Market Facing a Supply Shortage

  Seniors in the United States are facing a housing dilemma stemming from the diminishing unit supply as well as climbing rent rates nationwide. The growth of the U.S. senior population is continuously outpacing the development of unit supply — a gap that may grow significantly year over year. This is creating longer wait lists for applicants, Continue reading The U.S. Senior Housing Market Facing a Supply Shortage

Analyzing the Canadian Senior Housing Dilemma

Canada’s seniors are facing a severe housing shortage as there is an increasing number of baby boomers turning 65, coupled with a low property vacancy and supply as well as general soaring rent rates. This issue is especially magnified with Canada’s senior population since they often require properties with the care facilities and staffing that Continue reading Analyzing the Canadian Senior Housing Dilemma

The VR Revolution in the Commercial Real Estate Industry

  Business owners could soon find themselves selecting office space from the comfort of their homes. Whether it’s in the city where they live or thousands of miles away, comprehensive virtual tours of properties are becoming a reality. Property buyers will see the most benefit from this new trend, saving on travel costs and time Continue reading The VR Revolution in the Commercial Real Estate Industry