“It’s tough to make predictions, especially about the future.” ~Yogi Berra In the accompanying chart of the United States civilian unemployment rate from January 1948 to April 2018, one can clearly see that the economic recovery we are currently in, if defined by a drop in unemployment, is one of the longest and most pronounced […]
A recurring theme of late in our commercial real estate brokerage practice is that of difficulty in finding mid-range industrial property, from 10,000 to 30,000 square feet, to purchase. Anecdotally, it has been obvious for a while that the demand for such property is notably disproportionate to the modest supply. This bears out in low […]
In a recent Business Insider article, the indicator with an almost perfect record of predicting US recessions is edging towards a tipping point, Macquarie Bank was quoted, “The yield curve has inverted within the 24 months preceding each of the past five recessions, and has only inverted once without a recession following in the ensuing […]
Given the rise of late in interest rates, it seemed an opportune time to put rates, particularly those of the 5-Year United States Treasury most closely linked to commercial property borrowing rates, into perspective. The accompanying chart, “5-Year United States Treasury Rates from January 1990 to April 2018,” gives a nice visual perspective. In this […]
Assuming a person becomes financially / economically aware around the age of 22 (I can hear the chorus, “if at all”), then anyone born after 1985 has only known a near zero short term interest rate environment. Even those older than this to a degree seem to have begun to taken it for granted. As can […]
During a recent HistoryMiami Museum tour I attended, (the museum’s) Resident Historian Dr. Paul George mentioned a fact I thought I would have known, that Miami boasts the third most dense skyline in the United States. I’m fairly certain I’d not heard this before. Upon returning to my office, I decided to fact check this. […]
Multifamily investment properties are generally classified as “A”, “B”,“C,” or “D.” These classifications are somewhat subjective, in the eyes of the beholder, if you will, and definitions vary. Below is a rough guideline. Class A Multifamily Generally garden style properties built within the last 10 years, properties older than 10 years that have been substantially renovated, […]
