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- Retail in Favor: Fortress Malls Over Trophy Office
... - Hungry REITs Dominate Seniors Housing and Hotels
... - 81 of Top 100 Buyers at Peak Still Active
... - Expectations & Market Realities in Real Estate 2011: Balancing Risk and Return in an Era of Uncertainty
... - Cross-Border Capital Flows into the US
... - Turnover Improves as Transactions Spread Beyond London Office
... - Early Movers Richly Rewarded
... - The Influence of Distress on US Market Trends
... - December Sales Rise to Highest Level Since 2007
Exceptional year-end gains for commercial real estate... - Fabulous Four
London, Paris, New York, Washington, DC... - Q3 Preview: A Rolling – and Dipping – Recovery
Building Momentum Points to a Strong Fourth Quarter... - Rising Foreign Investment in US Real Estate
Institutional, Equity Fund and Private Sector Portfolios Shrink... - Property Portfolios of REITs and Lenders Balloon
Institutional, Equity Fund and Private Sector Portfolios Shrink... - Office Net Change to Portfolio Holdings
... - Apartment Net Change to Portfolio Holdings
... - Retail Net Change to Portfolio Holdings
... - Industrial Net Change to Portfolio Holdings
... - Hotel Net Change to Portfolio Holdings
... - Asia Pacific Real Estate - Deal Volume Begins 2010 with a Bang
With renewing confidence around the globe, investor capital flowed more freely into Asia Pacific property transactions during January 2010.... - The Case for FIRPTA Reform
Foreign investment in U.S. market has the potential to grow substantially over the next few years.... - New Foreign Buyers Move with Caution
Marquee assets draw cross-border interest in U.S. commercial real estate.... - China Swelling with Investment Capital
Led by a flood of capital into China's property markets – especially in the sale of development rights - investment activity in the Asia Pacific region accelerated significantly in September. While investors plowed approximately $25.8 billion int... - REITs Are Stocked Up on Capital
The success of REITs this year in raising capital on virtually every front is unparalleled by any other investor group, and it's something of a surprise as well. Through August, REITs had raised nearly $19b in new equity and another $6b in unsec... - Bulk Condos: A Booming Business
A growing niche in the multi-family sector is bulk condo sales. Since the start of 2008, over $1.0b of significant bulk condo sales have closed, comprising close to 8,700 units across 70 properties.
... - Where's Manhattan's Recovery? London office properties start to trade again
In Manhattan and London, office sales have been few and far between since the onset of the financial crisis. But that is starting to change. Since April, 37 office properties greater than US $20 million have traded or gone into contract in Londo... - Drug Store Retail Cap Rates Volume and Pricing
Typically a safe haven for investors, sales volume over the past 12 months in the drug store sector declined 49% to $599 million from a year ago. On a quarterly basis, sales volume of this niche asset declined a staggering 74% to $57 million from a y... - Big Box Retail Cap Rates Volume and Pricing
Over the past 12 months, big box property sales volume totaled over $460 million, a 63% year over year decrease. Sales for Q2'09 totaled only $29 million, a 90% decrease from Q2'08 and a 34% decrease from Q1'09. Big box properties represent 4% of all... - Distressed Assets By Country
The list of Troubled Assets around the globe touches almost every country, with the largest concentrations in the US, UK, Australia, Spain and Japan. Learn how deeply distress has penetrated into a specific national market.... - Distressed Assets: Where Does it Hurt? Everywhere.
Troubled U.S. commercial properties have more than doubled this year with the value of assets in default, foreclosure or bankruptcy topping $107 billion. April was the record month with $19.5 billion added to the total, approximately $13.5 billion of... - Among Asian Markets, Tokyo is Tops
The combination of softening business activities in Asia and turmoil in the global financial markets continues to limit commercial real estate investment activity in the Asia Pacific region. Investors remain cautious as property values and rents decl... - The Big Picture - Trillions of Property at Risk
2.2 trillion of properties acquired or refinanced after this point in early 2004 have lost value since the transaction. Many of these properties, typically leveraged 70%-80%, would face significant refinancing hurdles even if prices held firm. Few le... - Unanchored Strips Cap Rates, Volume, and Pricing
Sales of unanchored retail strip centers over the 12 months ended March 31 declined 69% to $1.7B (billion). On a quarterly basis, sales of unanchored assets dropped more than 90% from a year ago. Sellers were willing to accept 91.8% of their asking p... - Single Tenant Retail Cap Rates, Volume, and Pricing
Over the 12 months ending March 31, single-tenant retail sales volume totaled $1.5 billion, 10% of retail assets, a 56% decrease from the prior 12 months. Single-tenant retail sales fell in Q1'09 to $84 million, 62% of Q4'08 volume and 87% YOY (year ... - Single Tenant Industrial Cap Rates, Volume, and Pricing
Over the 12 months ended March 31, single-tenant industrial sales volume totaled just $3.3B (billion), a 65% YOY (year over year) decrease. On a quarterly basis, single-tenant industrial sales were down just over 87% from the year ago quarter. While ... - Single Tenant Office Cap Rates, Volume, and Pricing
Over the 12 months ended March 31, single-tenant office sales volume totaled $4.1B (billion), a staggering 71% decrease versus the same period one year earlier. On a quarterly basis, single-tenant office sales are down almost 27% from the year ago qu... - Hotel Cap Rates, Volume, and Pricing
After a dismal 2008, it seemed that hotel sales volume could not fall any further. Alas, Q1'09 transactions dropped to $644M (million), an 85% YOY (year over year) decline and 98% off the 2007 market peak. Sales of limited service properties have fal... - Lifestyle and Power Center Cap Rates, Volume, and Pricing
Over the 12 months ended March 31, lifestyle and power center sales volume barely topped $1.8 billion, a steep 72% YOY (year over year) decrease. Other retail strip sales fared about the same with a 74% drop year over year. Sales were $276 million fo... - All Fall Down - Is there opportunity in the unanimous decline?
There is no escaping the obvious: across all property types, in every subtype and niche, the trends in sales volume and yields are in sync. Sales volume has fallen with uncanny consistency by 71% over the past twelve months as investor appetites have... - Drug Stores Volume, Pricing, and Cap Rates
Typically a safe haven for investors, sales volume for drug stores over the 12 months ended March 31 in the drug store sector declined 45% to $699M (million) YOY (year over year). On a quarterly basis sales volume of this niche asset class declined 6... - Grocery Strips Volume, Pricing, and Cap Rates
Volume of grocery strip asset sales for the 12 months ended March 31 dropped a striking 80% YOY (year over year) to $2.2B (billion). Volume for Q1'09 declined 74% from Q1'08 to $261M (million). Sellers of grocery strips were forced to readjust their ... - REIT Offerings Provide an Opening for Capital
So far in 2009, REITs (Real Estate Investment Trusts) have attracted $7.1 billion in equity capital through more than 15 equity offerings—or a stunning 63% of the $11.1 billion in combined equity and debt capital invested on direct property acquisiti... - Medical Office Volume, Pricing, and Cap Rates, Investment Trends for MOB Property
Over the 12 months ended March 31, medical office volume totaled $2.9B (billion), off more than 40% versus the same period one year ago. On a quarterly basis, medical office sales fell more than 83% YOY (year over year), compared with a 77% YOY drop ... - Student Housing Volume, Pricing, and Cap Rates, Investment Trends for Campus Residences
For the 12 months ended March 31, sales of student housing properties of nearly $2.3B (billion) comprised 8.7% of overall apartment market activity, marking the largest percentage ever for this niche. Pricing of $169,600/unit on a 12-month basis was ... - Billion Dollar Markets: 2007 vs 2008
In 2008, a total of 78 cities recorded $1 billion or more of commercial property sales. The mix of billion-dollar markets changed dramatically: 59 cities on last year's list missed the cut - including 26 in the Americas - but three new markets arrive... - Property Transaction Volume Continues to Decline in China and Australia
The Asia Pacific commercial real estate markets continue to absorb the debilitating effects of a double whammy: limited liquidity has sucked capital from the market, and the global recession has produced a contraction in exports and manufacturin... - Asian Property Investment Volume Remains Muted
Financial market volatility and a deflating global economy continue to inhibit commercial property investors worldwide. The Asia Pacific region has experienced a pronounced slowdown in real estate transaction volume as unprecedented events aroun... - Another Real Estate Myth Busted
For a period after the housing markets began to slow, the commercial property markets surged. The vast overbuilding in housing compared to modest commercial development and the relatively healthy fundamentals (rents and occupancies) on the comme... - Troubled Assets - Mining Distress for Opportunity
Since the credit crunch took hold in the fall of 2007, questions about its impact on commercial real estate have been front and center. But assessing the damage has remained largely guesswork—until now.
... - Medical Office Volume, Pricing, and Cap Rates, Investment Trends for MOB Property
In 2008, sales volume for Medical Office properties valued at $5 million or more totaled $3.5 billion, a 26% decline from the same period a year ago. MOB properties have faired better than other office properties, which declined 76% from last ye... - Student Housing Volume, Pricing, and Cap Rates, Investment Trends for Campus Residences
In 2008, over $2.6 billion worth of significant U.S. student housing properties sold, representing 6% of overall apartment market activity, which is the most since student housing became a niche. For student housing valued at $5 million or more,... - Changes That Count - The Big Shift in 2008
The credit crunch that began in the middle of 2007 now permeates the commercial real estate investment market—not to mention the economy as a whole. Trying to disentangle the threads of its influence in order to understand the behavior patterns tha... - A Shift in Real Estate's Global Positioning System
As the United States stood poised to benefit from positive international reaction to the presidential election, global real estate transaction volumes seemed to indicate that the US has lost its place as the top target for cross-border property inv... - Pricing Difficulties
Determining the market value of a property in the current environment is a challenge. Such low levels of volume result in few data points for comparison and leave market averages vulnerable to being skewed by one or two deals.
... - Redefined TARP (Troubled Asset Relief Program)
Treasury Secretary Henry Paulson's recent announcement that the Troubled Asset Relief Program (TARP) will not be buying troubled mortgages as originally planned was not taken as good news in the CMBS market: spreads widened considerably. Yields on ... - Another Turn in the Market
In September '08, a year after the mortgage markets seized up, the entire financial system froze—and the already limping property investment markets suffered another tremendous blow. It became clear that the economic ramifications of the credit cru... - 10 Implications of the Credit Crunch Revisited
A year ago, as the credit crunch began to settle in, chilling markets worldwide, we went out on a limb and offered “10 Implications” for commercial real estate investment and finance. For the most part, we were right on the money; if anything, the ...