A good sub-market for a value-add play should show a difference of several hundred dollars between the cost of renting a new, luxury apartment and the cost of renting an older unit.
Among the key factors affecting the sudden rise in TI allowances is a significant increase in new inventory that impacted supply and demand dynamics nationally.
Co-working, or sharing a building or floor, has proved so important to office real estate in the New York borough that the market would actually be shrinking without it.
To avoid liability, the owner of Mandalay Bay has filed federal lawsuits against more than 1,000 victims of the Las Vegas massacre, the Las Vegas Review-Journal reports. Though retail sales are strong, shoppers are borrowing more to pay for their purchases, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
