As of Feb. 26, U.S.-based REITs had generated a total return of 12.17 percent in 2019, compared with a total return of negative 4.12 percent for all of 2018, according to Nareit. In January alone, 17 REIT sectors outperformed the S&P 500, the trade group reveals. In fact, January represented the best month for REIT performance since October 2011.
Market volatility in the fourth quarter of 2018 led to a sharp drop-off in investment sales in the office sector in January, according to the most recent report from research firm Real Capital Analytics (RCA). Office sales volume declined by 29 percent year-over-year, to $7.8 billion.
The New York Times looks at women executives in commercial real estate. New York Governor Andrew Cuomo has been in contact with Amazon executives to try and convince them to rethink their decision on HQ2, reports MarketWatch. These are among today’s must reads from around the commercial real estate industry.
