News Roundup: CRE Trends That’ll Dominate 2019December 15, 2018
The Latest Commercial Real Estate News From Liberty SBF
The 18 CRE Trends That’ll Dominate 2019
Prognostication is always a risky business, but nevertheless, Bisnow found some industry experts willing to play Nostradamus for the coming year. A few predicted highlights include a continued boom in industrial demand from eCommerce, rising interest rates, and record-breaking hotel occupancy. Check out the full list.
Flexible Space Sees Major Growth
As technology changes the way people live, work and commute, investors are increasingly looking to invest in buildings with a high percentage of flexible space, reports GlobeSt. In fact, JLL recently noted that office flex grew by 29% in 2017, and is likely to grow by more than 25% in 2018.
Just Closed! $1.5M SBA 504 Loan for Retail Space in New York
Liberty is happy to announce that we’ve just closed a $1.5 million SBA 504 loan for the acquisition of a retail property in the Glendale neighborhood of Queens, NY.
Industrial Construction to Swell in Chicago
Similar to the national market, Chicago has seen record-breaking industrial construction in the last few years, including finishing 19 million SF in 2016 and 22.6 million SF in 2017. Though growth hasn’t been as strong in 2018, experts believe it will ramp up again soon in response to increasing demand from users and investors.
Liberty Funds More Than $39 Million in Recent Industrial Acquisitions
Recently, Liberty has funded more than $39 million in industrial and warehouse acquisitions for business owners taking advantage of some of the hottest industrial markets in the country.
2018 Prediction Scorecard
We’ve got to give it to the folks at Bisnow for being willing to assess the accuracy of their predictions from last year. From a booming industrial sector to leisure travel-focused hotels to senior housing, they gave themselves a passing grade. Maybe that means good things for their 2019 predictions?
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