In the United States, Reis is an extremely valuable source for commercial real estate market information. Reis provides important commercial real estate information such as vacancy rates, rent levels, cap rates and much more. The information provided includes the following commercial real estate sectors: apartment, office, Flex/R&D, self storage, senior housing, retail, student housing and warehouse/distribution. In the 2016 second quarter report, Ryan Severino discusses commercial real estate construction in the office, apartment and retail sectors. Our friends at SVN SouthLand Commercial discuss the CRE Construction Activity Report in a recent blog post. We invite you to read the excerpt below, then follow the green button at the bottom of the page to read the full article and view the report.
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Reis Report: CRE Construction Activity
Construction is inevitable in the commercial real estate industry. The Reis second quarter report for 2016 provides a wealth of information to commercial real estate developers, buyers and professionals. Reis provides data for the national commercial real estate market. It is one of the most valued sources for understanding CRE property and market information. Additionally, Reis covers eight sectors of commercial real estate. These sectors include: Flex/R&D, self storage, apartment, office, seniors housing, retail, student housing and warehouse/distribution. In the report, Senior Economist and Director of Research, Ryan Severino discusses office, apartment and retail segments in relation to CRE construction.
The Reis report on construction activity has determined that most CRE construction rates have remained stuck. The only sector that remains lucrative on the construction front is the apartment sector. Furthermore, apartment inventory for the first quarter of 2016 set record highs for construction completion. The second quarter’s totals were a bit higher than the first quarter. Lastly, the report mentions that the number of apartment units that have yet to be entered into inventory could make the national vacancy rates rise…