The drop in interest rates is creating favorable ripple effects across the commercial real estate market in terms of lowering the cost of capital. Some foreign investors could also cash in on hedging costs that have moved significantly lower over the past several months.
The good times for the hotel sector are expected to keep on rolling, but they likely won’t get much better. “We see continued growth—at a much slower level,” says Jan Freitag, senior vice president of lodging insights for data firm STR, based in Nashville, Tenn.
At the start of 2019, Freddie Mac’s Multifamily Outlook forecast a continuation of the strong and stable market we have experienced throughout the past few years.
As more high-rises develop, the $70 billion elevator market is expected to grow even more spurred by technology, reports the Wall Street Journal. Crown Heights, Brooklyn experiences a wave of luxury development, according to The New York Times. These are among today's must reads from around the commercial real estate industry.
