May 03, 2019 - 0 Comments - Office Property -

Video: REIS Senior Economist Barbara Denham Office Market Update with Reis

Barbara Denham, Senior Economist with REIS, a leading commercial real estate data source, appears on a commercial real estate related show to discuss the status of the office market market, including performance, trends, construction costs, and what investors might expect for the remainder of 2019. She notes how, regardless of the length of the expansion, that vacancy rates persist, not having fallen below 16% throughout, and dropping by only 0.1% in the last quarter. Her conclusion is that the nature of the office market climate has changed. She notes that office rent growth is not stellar either, growing at a slow rate than inflation, typically 0.4% to 0.5% in any quarter. Toward the end there is some discussion of transit oriented development, something we’ve seen more of in recent years in Miami.

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