Commercial Investment Real Estate January/February 2017 | Página 8

MARKET
TRENDS
Advances on
Hotel Marketshare
Rank
Market
1
2
3
4
5
6
New York
Miami
Los Angeles
Oakland, Calif.
San Francisco
Austin, Texas
Airbnb Hotel Airbnb/Hotel
8,241
4,108
7,144
1,162
3,135
1,541 85,006
43,540
80,000
14,234
41,575
24,735 9.7%
9.4%
8.9%
8.2%
7.5%
6.2%
Source: CBRE
Industrial Markets
Continue to Soar
— Maureen Ehrenberg, head of
integrated facility management at JLL
6
January | February 2017
Self-Storage Percolates Along
“Within the next 10
years, the office could be
unrecognizable, offering
more agility, flexibility, and
connectivity, which support
new ways of working,
playing, and living. Mobile
apps and smart building
technologies are catering
to employee preferences
for temperature, lighting,
working, relaxing, and
even coffee.”
U.S. industrial markets absorbed 74.9 msf in
the third quarter of 2016, rising 29.1 percent
compared to third quarter of 2015, according
to Cushman & Wakefield. To date, the industrial
sector has posted 26 consecutive quarters of
net occupancy gains. “The indicators we moni-
tor, such as containerized traffic, transportation indices, and consumer confi-
dence, are still trending in a positive direction, which should continue to translate
into robust industrial leasing activity,” says Kevin Thorpe, global chief economist
at Cushman & Wakefield in Washington, D.C.
1.1% increase in households or 1.3 million new households
will intensify underlying demand for storage, especially
in urban centers.
110 basis point decrease in vacancy in self-storage is due
to strong job growth.
3.6% hike in climate-controlled unit rents.
4% jump in nonclimate-controlled unit rents.
Source: Marcus & Millichap
COMMERCIAL INVESTMENT REAL ESTATE