Commercial Real Estate Outlook IRR-Viewpoint 2010.

Slides:



Advertisements
Similar presentations
The Global Economy and Real Estate Markets Asieh Mansour, PhD Head of Americas Research January 2013.
Advertisements

Created by Susan Neal. On the next slide, click and try to figure out what state is displayed. To find out the answer, click again.
Owns/ manages income-producing commercial real estate Payout > 90% of Income in Dividend No corporate taxes > 75% of Assets Real Estate >100 Shareholders.
Witten Market Advisory Services Market insights for apartment owners, developers, investors and lenders Market-Smart Investment Decisions Advisors October.
Focusing on the Fundamentals Multifamily Real Estate.
Presented by Economic and Tax Revenue Outlook Mark Zandi Economy.com, Inc.
Viewpoint Q Contributing IRR Regional Offices Metro Area Atlanta Baltimore Boston Dallas Denver Fort Worth Northern New Jersey New York Philadelphia.
Viewpoint 2015 Real Estate Trends & Investment Criteria
CB Richard Ellis | Page Real Estate Forecast - Capitalization Rate Trends Michael J. Moynagh, MAI, Managing Director CBRE Valuation and Advisory.
Current Market Conditions in the U.S. Office Real Estate Market A Midyear Update July 15, 2008.
Rental Housing – Apartment Markets
1. The Manatee Sarasota Workforce Funders’ Collaborative (MSWFC) is dedicated to moving low-wage workers into higher-paying jobs while providing employers.
Real Estate Markets Introduction. Real Estate Markets: Economic Determinants of New Construction.
Glenn R. Mueller, Ph.D. Johns Hopkins University Real Estate Institute Director, Capital Markets & International Programs & Legg Mason, Inc. Real Estate.
Rosen Consulting Group Real GDP Growth. Rosen Consulting Group U.S. Employment Growth.
Real Estate Markets Introduction. Real Estate Markets: Economic Determinants of New Construction.
GLOBAL RESEARCH AND CONSULTING THE ECONOMY AND REAL ESTATE GARY BARAGONA DIRECTOR, RESEARCH & ANALYSIS JANUARY 2014.
IRR-Viewpoint 2011 Integra Realty Resources. Office Locations & Services Valuation & Counseling Due Diligence Transactional & Litigation Support Specialty.
The San Francisco Bay Area Economic Outlook By Anne Ramstetter Wenzel, M.A. Econosystems.
Microsoft ‘Work Without Walls’ Report: U.S. Telework Trends 2011 Prepared by Ipsos Public Affairs May 2011.
University of Denver Dividend Capital Research
Global Research and Consulting Econometric Advisors CBRE Econometric Advisors Client Conference 2012 October 2, 2012 Session 1 | U.S. Property Market Outlook.
Emerging Trends in Real Estate 2014 Highly regarded and widely read 35th annual outlook Based on over 1,000 interviews and surveys of industry leaders.
Outlook for Private Equity Real Estate Market
Information Security Identification: Confidential Impact of U.S. Postal Service Network Consolidation on Remittance Mail Lex Litton, Phoenix-Hecht Blaine.
An overview of prepared for A D V I S O R Y G R O U P World Services Group, Inc. May, 2004 U.S. Economy & Commercial Real Estate Investment Market.
Using BEA`s Gross State Product (GSP) Estimates George K. Downey Understanding Regional Economic Data for Policy and Planning—Dallas, Texas September 8,
1 Real Estate Analysis and Investor Presentation.
Speed and Acceleration. Vocabulary DefinitionIllustration 3 Examples3 Non-examples VocabularyWord SpeedSpeed VelocityVelocity AccelerationAcceleration.
Economic Outlook: Beyond the Recession ESICA Spring Conference The Tides Inn – Irvington, VA May 6, 2010 Ann Battle Macheras Federal Reserve Bank of Richmond.
Peaking phase Falling phase Rising phase Bottoming phase Q U.S. office clock (overall) Source: Jones Lang LaSalle Los Angeles, Miami Dallas, San.
Global Research and Consulting Econometric Advisors CBRE Econometric Advisors Client Conference 2012 October 2, 2012 Global Research and Consulting Econometric.
2013 Real Estate Forecasts - Retail R1. Retail Market Areas R2.
Real Estate Fundaments “The Facts of Life” Real Estate Fundamentals The facts of Life.
How Far We’ve Come Together NIIC Conference.
Institute for Urban Policy and Research Analysis, Professor Tang November 19, 2013 Ryan Robinson City Demographer Planning & Development Review Department.
Janet F. Speyrer, Ph.D. Associate Dean for Research College of Business Administration The University of New Orleans June 22, 2012.
There is a Difference. Wading Through Deep Water: Turmoil in the Economy and Capital Markets Western States Commercial Real Estate Finance Mary K. Ludgin,
5 5 WASHINGTON DC METRO MARKET OVERVIEW grubb-ellis.com.
EDND Fall Conference October 26-28, 2015 Watford, ND Paige Webster, CEcD.
Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Real Estate Investment Analysis  What is this course about?  Real –  Estate –
States, Capitals, & US Regions. State, County, and City ► A state is a nation or territory considered as an organized political community under one government.
1 National Labor and Management Conference 2016 Intercontinental Real Estate Corporation 1270 Soldiers Field Road Boston, MA Tel:
Agencies’ Participation in PBMS January 20, 2015 PA IL TX AZ CA Trained, Partial Data Entry (17) Required Characteristics & 75% of Key Indicators (8) OH.
Investor Report March 25 th, Goldman Met with Goldman December 2013 They were interested in our concept as a potential acquisition for several of.
Commercial RE Market Outlook Presented by: Bob Bach SVP, Chief Economist.
Triad Retail Market Forecast Mark Lindsay, CCIM Lindsay Commercial Properties Counties: Alamance, Davie, Davidson, Forsyth, Guilford, Randolph, Rockingham,
SELF STORAGE 2017 MARKET REPORT
State of Southern Nevada’s Economy
Global Market Environment
Triad Apartment Market
Percentage of secondary schools that had an asthma action plan on file for all students with known asthma Newark Detroit Chicago Philadelphia San Francisco.
New Haven County Overview
House price index for AK
CBRE’s US Capital Markets Activity Levels
Have Fun With Geography Created by Susan Neal
Real Estate Stock Analysis
Student Investment Management – Stock Presentation: Real Estate
Where the Action Is: U.S. Markets with the Highest Rate of Growth
Hartford, Stamford Office Markets
Regions of the United States
New Orleans Hospitality Outlook
Capital Markets Graphs
(map is coded by CAE-CD region)
Seventeen States Had Higher Uninsured Rates Than the National Average in 2013; Of Those, 11 Have Yet to Expand Eligibility for Medicaid AK NH WA VT ME.
Market Share of Two Largest Health Plans, by State, 2006
Hispanic Avocado Shopper Insights
Construction Market Funding Trends
United States & Puerto Rico
Travel Trends: What You Need to Know About NextGen Influencers and Disruptors The Lodging Conference.
Presentation transcript:

Commercial Real Estate Outlook IRR-Viewpoint 2010

Industrial The Best, The Worst and The Local Market Top Three Markets By Vacancy… 1.Los Angeles, CA – 4.92% 2.Orange County, CA – 6.58% 3.Seattle, WA – 6.70% Local Market… 50. Charlotte, NC – 14.26% (3Q 2009);14.70% (1Q 2010-NA ) …and the Bottom Three Markets 54. Austin, TX – 18.40% 55. Boston, MA – 24.76% 56. Louisville, KY – 26.01%

Industrial Market Pricing

Industrial – Overall Capitalization Rates InstitutionalNoninstitutional National Flex 7.50 %-12.0% 9.38% - Average basis points 250 or 11.88% - Average National Warehouse 7.00%-12.0% 8.60% - Average basis points 225 or % -Average Korpacz – Second Quarter 2010 –Investor Survey Realty Rates.com – Second Quarter Investor Survey Industrial %

Apartment The Best, The Worst and The Local Market Top Three Markets By Vacancy… 1.San Francisco, CA – 3.59% 2.Syracuse – 3.94% 3.New York City – 4.80% Local Market… 49. Charlotte – 11.64% (3Q–2009);13.6% (1Q 2010) …and the Bottom Three Markets 54. Phoenix – 12.97% 55. Naples/Ft. Myers – 13.37% 56. Providence – 14.11%

Apartment Market Pricing

Apartment – Overall Capitalization Rates InstitutionalNoninstitutional National Apartment 5.00 %-11.00% 7.68% - Average basis points 161 or 9.29% - Average Korpacz – Second Quarter 2010 –Investor Survey Realty Rates.com – Second Quarter Investor Survey Retail – 9.50% Average

Office Market Cycle

Office – CBD The Best, The Worst and The Local Market Top Three Markets By Vacancy… 1.Charlotte, NC – 6.43% 2.Boise, ID – 8.10% 3.Memphis, TN – 8.70% Local Market… 1. Charlotte, NC – 6.43% (3Q–2009); 12.0% (1Q-2010) …and the Bottom Three Markets 54. San Jose, CA – 23.90% 55. Detroit, MI – 25.00% 56. Dayton, OH – 26.00%

Office – Suburban The Best, The Worst and The Local Market Top Three Markets By Vacancy… 1.Dayton, OH – 10.88% 2.Pittsburgh, PA – 11.09% 3.Los Angeles, CA – 11.30% Local Market… 41. Charlotte, NC – 19.07% (3Q–2009);19.77% (1Q–2010 ) …and the Bottom Three Markets 54. Detroit, MI – 23.89% 55. Phoenix, AZ – 27.41% 56. Hartford, CT – 29.45%

Office Market Pricing

Office – Overall Capitalization Rates InstitutionalNoninstitutional National CBD 6.00 %-10.50% 8.15% - AverageN/A Suburban 6.00%-12.00% 8.60% - Average basis points 141 or % -Average Korpacz – Second Quarter 2010 –Investor Survey Realty Rates.com – Second Quarter Investor Survey Office – 9.48% Average

Retail Market Cycle

Retail The Best, The Worst and The Local Market Top Three Markets By Vacancy… 1.San Francisco, CA – 3.08% 2.Los Angeles, CA – 4.87% 3.San Jose, CA – 5.03% Local Market… 12. Charlotte, NC – 6.77% (3Q–2009); 8.0% (4Q–2009) …and the Bottom Three Markets 54. Providence, RI – 17.00% 55. Dayton, OH – 17.30% 56. Detroit, MI – 17.35%

Retail Market Pricing

Retail – Overall Capitalization Rates InstitutionalNoninstitutional Regional Malls 5.00 %-10.50% 7.93% - Average basis points 279 or 10.72% - Average Power Center 7.50%-10.00% 8.70% - AverageN/A Strip Center 7.00%-11.40% 8.38% - Average basis points 303 or 11.41%- Average Korpacz – Second Quarter 2010 –Investor Survey Realty Rates.com – Second Quarter Investor Survey Retail – 9.50% Average

Recent Development in Capitalization Rates Korpacz Survey data for investment grade property and our analysis are presented in the following table:

Recent Development in Capitalization Rates Korpacz Survey data for non-investment grade property and our analysis are presented in the following table:

Real Estate Listing Sources – For Sale & For Lease Loopnet Edis / (N.C. Department of Commerce Buildings & Sites EDIS) Mecklenburg County Real Estate Lookup (Market Analysis Link) National & Local Brokerage Firms –Apartment Realty Advisors –CB Richard Ellis (CBRE ) –Sperry Van Ness –Lincoln Harris CSG –The Stump Corporation –Marcus & Millichamp –NAIGLOBAL

National Real Estate Surveys IRR.com (Viewpoint – Real Estate Value Trends) Marcus & Millchap.com NAIGLOBAL (Korpacz Real Estate Investor Survey ) ACLI (American Council of Life Insurers) Realty Rates.com (Developer Surveys, Financial Indicators, Market Surveys, Investor Surveys)

Vacancy and Rental Rate Surveys - SUBSCRIPTION Karnes (Office, Retail and Industrial) Real Data (Apartments) REIS

Real Estate Sales - SUBSCRIPTION Costar REIS Real Capital Analytics

Integra Realty Resources Nation’s Largest Valuation and Counseling Firm 59 Offices in 33 states, plus DC and Mexico Over 800 Consultants & Advisors 150+ MAIs company-wide