The document provides an analysis of the Metro Chicago medical office building (MOB) market for the second quarter of 2016. It finds that while job growth and demand for healthcare services remains strong, the MOB market is showing signs of slowing absorption due to a large single vacancy. Specifically, vacancy rose to 13.7% due to the vacancy of a 153,000 square foot building, while average asking rents continued to increase. The outlook remains positive, with expectations that vacancy will decline over the long term as demand and MOB job growth remain strong, fueling need for additional space.
Cushman toronto office leasing market report 2014Chris Fyvie
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
Cushman & Wakefield market beat report Q.2 2013Trang Le
This report provides a summary of the Hanoi, Vietnam office and retail market conditions in Q2 2013. Grade B office supply continued to increase with two new buildings adding 32,000 sqm, while Grade A supply remained unchanged. Average asking rents for Grade B declined slightly while Grade A rates remained stable. Retail supply was unchanged in Q2, while average asking rents and occupancy rates held steady. Several new office and retail developments are scheduled to deliver over 800,000 sqm of additional space in the next two years.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
The Philippine economy grew 6.9% in the first quarter, driven by investments and household spending. The office and industrial markets saw increased demand, while the residential sector remained subdued due to oversupply concerns. The hotel market saw lower occupancy despite more tourists, as new rooms opened. Overall, the strong economy is boosting the property sector, though oversupply risks in the residential sector remain a challenge.
Colliers North American Office Highlights 2Q 2013Coy Davidson
The document provides a summary of key office market indicators for North America in Q2 2013. Some key points:
- The overall North American vacancy rate decreased slightly to 13.86% due to declines in the US rate, while the Canadian rate increased slightly.
- Net absorption surged to 15.5 million square feet, an increase from the previous quarter, driven by an improving US economy despite headwinds.
- Construction activity remains low compared to historical levels and concentrated in strong demand markets, which will support the recovery.
- Transaction volume increased 36% year-over-year, with investors taking on more risk amid global economic weakness.
Cushman toronto office leasing market report 2014Chris Fyvie
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
Cushman & Wakefield market beat report Q.2 2013Trang Le
This report provides a summary of the Hanoi, Vietnam office and retail market conditions in Q2 2013. Grade B office supply continued to increase with two new buildings adding 32,000 sqm, while Grade A supply remained unchanged. Average asking rents for Grade B declined slightly while Grade A rates remained stable. Retail supply was unchanged in Q2, while average asking rents and occupancy rates held steady. Several new office and retail developments are scheduled to deliver over 800,000 sqm of additional space in the next two years.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
The Philippine economy grew 6.9% in the first quarter, driven by investments and household spending. The office and industrial markets saw increased demand, while the residential sector remained subdued due to oversupply concerns. The hotel market saw lower occupancy despite more tourists, as new rooms opened. Overall, the strong economy is boosting the property sector, though oversupply risks in the residential sector remain a challenge.
Colliers North American Office Highlights 2Q 2013Coy Davidson
The document provides a summary of key office market indicators for North America in Q2 2013. Some key points:
- The overall North American vacancy rate decreased slightly to 13.86% due to declines in the US rate, while the Canadian rate increased slightly.
- Net absorption surged to 15.5 million square feet, an increase from the previous quarter, driven by an improving US economy despite headwinds.
- Construction activity remains low compared to historical levels and concentrated in strong demand markets, which will support the recovery.
- Transaction volume increased 36% year-over-year, with investors taking on more risk amid global economic weakness.
The U.S. industrial market experienced strong net absorption in Q3 2018, with overall vacancy remaining at historic lows despite increased construction. Demand was broad-based across regions and product types, with the South and West leading in absorption. Rents continued rising above 5% annually in over half of markets as demand outstripped supply in a tight market. The development pipeline expanded but speculative construction remains concentrated in top markets, indicating limited overbuilding risk through 2019.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
2014 Q4 NORTH AMERICAN INDUSTRIAL HIGHLIGHTSCoy Davidson
The North American industrial market continued strengthening in Q4 2014:
- Vacancy rates decreased to 6.8%, with the U.S. rate falling to 7.2% and the Canadian rate remaining flat at 4.0%.
- Net absorption was robust at 70.7 million square feet, with U.S. absorption at 67 million square feet.
- Construction accelerated, totaling 178.2 million square feet, up from 155.9 million square feet in Q3 2014. However, absorption still exceeded new supply.
- Strong economic and e-commerce growth have expanded demand in distribution and intermodal markets beyond the recovery phase.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
Birmingham's economy has remained strong despite a slowing global economy. Key factors driving growth include continued increases in business startups and house prices, strength in the automotive industry, record levels of inward investment and infrastructure projects, and strong growth in the visitor economy. Unemployment has fallen significantly but some residents still face barriers to employment. The economy is forecast to be one of the strongest performing in the UK over the next decade.
2014 business briefing_humancapital_finalGuy Masse
This document discusses how companies are facing challenges in finding and retaining top talent. Real estate can help by providing workspaces that foster collaboration and innovation. Locations that appeal to workers are important as employees demand certain elements in their work experience. Some markets like Austin and Seattle provide high innovation potential at below average costs, making them good options for companies seeking talent. Demographic shifts are also impacting the labor supply, intensifying the competition for workers.
Colliers toronto office leasing market report 2014Chris Fyvie
The document provides a market report on office space in the Greater Toronto Area for Fall 2013. Some key points:
- Vacancy rates continued to decline in the third quarter of 2013, reaching record lows of 5.8% in the GTA overall and 3.9% downtown.
- With significant new development planned, vacancy rates are expected to rise to near double digits by 2016-2017, providing an opportunity for tenants to renegotiate leases.
- Downtown Toronto demand remains strong with a slight decline in vacancy. The financial core submarket also saw steady demand.
- Midtown and GTA North markets also saw low vacancy rates and positive absorption in the third quarter. The GTA
The accountancy and allied services market exhibits strong seasonal patterns, with turnover peaking around March, June, and September/October each year. The market has seen steady growth over the long term, with turnover increasing by around £6 million per month. However, trend data from recent years points to a slowdown in the market even before the Brexit vote, with turnover declining in early 2016 compared to the previous year. Price inflation in the market has also fallen, which may increase competitive pressure on firms.
The trade, transportation and utilities sector added the most jobs (2,200) in San Diego County in December 2016, contributing to a decrease in the unemployment rate. Overall, 28,900 jobs were added in 2016, a 2% annual increase. San Diego has a diverse economy led by government, professional services, healthcare, retail, and hospitality. Strong employment growth is fueling demand across commercial real estate sectors, including positive net absorption in the office, industrial, and retail markets with declining vacancy rates.
2019 Q3 Colliers St. Louis Industrial Market ReportColliersSTL
Heavy absorption of industrial space in St. Louis is driving continued construction activity and lowering vacancy rates. Year-to-date absorption is nearly 3 million square feet, pushing overall vacancy to its lowest rate since 2006. While speculative construction completions may increase vacancy going forward, absorption is expected to remain positive. Rental rates are trending upward but have decreased from earlier in the year due to increased competition and tax abatements. The St. Louis economy remains strong but signs of a potential national economic slowdown in 2020 have emerged.
The document provides a quarterly report on the office market in the Greater Toronto Area (GTA) for Q1 2014. It summarizes key metrics like inventory, absorption, vacancy and rental rates. Demand remains strong from financial services, insurance and technology firms. Vacancy rates are rising in suburban areas as firms migrate to urban cores. The investment market is expected to gain momentum through 2014, with a focus on mixed-use urban retail projects.
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
Vietnam's GDP grew by 6.68% in 2015, with strong growth of 7.01% in the fourth quarter. Total FDI into Vietnam reached $22.76 billion, up 12.5% year-over-year. In Hanoi, two new retail centers added over 137,000 square meters of space in the fourth quarter, increasing total retail stock by 19.2% quarter-over-quarter. Positive leasing activity led to a 3 percentage point increase in average market occupancy to 88%. Average asking rents increased 6.9% quarter-over-quarter due to higher rents at new projects. Over 250,000 square meters of new supply is expected to be completed in 2016, with large projects
U.S. Telephone Apparatus Market. Analysis And Forecast to 2020IndexBox Marketing
IndexBox Marketing has just published its report: “U.S. Telephone Apparatus Market. Analysis And Forecast to 2020”.
The report provides an in-depth analysis of the U.S. telephone apparatus market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
- The document provides an overview of global real estate investment trends in 2015 and an outlook for 2016.
- Global property investment volumes fell slightly for the first time in 6 years in 2015, down 2.4% to $1.29 trillion, driven by a pullback in Asia, notably for development land. Excluding land, volumes rose 8.2%.
- Going forward, the focus will be on core assets that provide value to occupants. Investors will seek platforms for local intelligence and pursue opportunities such as modern flexible office, retail, and logistics space in gateway cities.
The document provides an overview of the medical office building (MOB) market in the Houston metro area in Q1 2016. It finds that while the US economy continues expanding, GDP growth has slowed. Nationwide, hospital and MOB jobs are forecast to grow but MOB jobs in Houston are expected to remain flat in 2016 due to declines in the oil/gas industry. In Houston, MOB vacancy rose to 13.2% in Q1 2016 while average rent fell slightly. Overall, the MOB market is showing weakness due to slowing demand despite lower new construction levels.
The document discusses using suprasegmental features present in linear prediction (LP) residual for audio clip classification. It explains that existing audio classification approaches miss important suprasegmental information and that statistics of the autocorrelation sequence of the Hilbert envelope of the LP residual contain audio-specific suprasegmental information that can enhance classification. An experiment is described that demonstrates classifying audio clips into 5 categories using support vector machines based on the variance of the autocorrelation sequence, achieving over 50% accuracy on average. Future work to improve classification performance by combining suprasegmental and other features is discussed.
This document provides a summary of Allison Vincent's contact information, education history, work experience, notable experience, and technical skills. Allison Vincent received a B.S. in Genetics & Genomics from UC Davis in 2016 with a minor in Psychology and a GPA of 2.85. She has work experience as a student manager at Junction UC Davis from 2014-2016 and as an SA II worker there from 2013-2014. Currently, she interns at the Bales Lab at UC Davis and is the president of the UC Davis Fencing Club.
The U.S. industrial market experienced strong net absorption in Q3 2018, with overall vacancy remaining at historic lows despite increased construction. Demand was broad-based across regions and product types, with the South and West leading in absorption. Rents continued rising above 5% annually in over half of markets as demand outstripped supply in a tight market. The development pipeline expanded but speculative construction remains concentrated in top markets, indicating limited overbuilding risk through 2019.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
2014 Q4 NORTH AMERICAN INDUSTRIAL HIGHLIGHTSCoy Davidson
The North American industrial market continued strengthening in Q4 2014:
- Vacancy rates decreased to 6.8%, with the U.S. rate falling to 7.2% and the Canadian rate remaining flat at 4.0%.
- Net absorption was robust at 70.7 million square feet, with U.S. absorption at 67 million square feet.
- Construction accelerated, totaling 178.2 million square feet, up from 155.9 million square feet in Q3 2014. However, absorption still exceeded new supply.
- Strong economic and e-commerce growth have expanded demand in distribution and intermodal markets beyond the recovery phase.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
Birmingham's economy has remained strong despite a slowing global economy. Key factors driving growth include continued increases in business startups and house prices, strength in the automotive industry, record levels of inward investment and infrastructure projects, and strong growth in the visitor economy. Unemployment has fallen significantly but some residents still face barriers to employment. The economy is forecast to be one of the strongest performing in the UK over the next decade.
2014 business briefing_humancapital_finalGuy Masse
This document discusses how companies are facing challenges in finding and retaining top talent. Real estate can help by providing workspaces that foster collaboration and innovation. Locations that appeal to workers are important as employees demand certain elements in their work experience. Some markets like Austin and Seattle provide high innovation potential at below average costs, making them good options for companies seeking talent. Demographic shifts are also impacting the labor supply, intensifying the competition for workers.
Colliers toronto office leasing market report 2014Chris Fyvie
The document provides a market report on office space in the Greater Toronto Area for Fall 2013. Some key points:
- Vacancy rates continued to decline in the third quarter of 2013, reaching record lows of 5.8% in the GTA overall and 3.9% downtown.
- With significant new development planned, vacancy rates are expected to rise to near double digits by 2016-2017, providing an opportunity for tenants to renegotiate leases.
- Downtown Toronto demand remains strong with a slight decline in vacancy. The financial core submarket also saw steady demand.
- Midtown and GTA North markets also saw low vacancy rates and positive absorption in the third quarter. The GTA
The accountancy and allied services market exhibits strong seasonal patterns, with turnover peaking around March, June, and September/October each year. The market has seen steady growth over the long term, with turnover increasing by around £6 million per month. However, trend data from recent years points to a slowdown in the market even before the Brexit vote, with turnover declining in early 2016 compared to the previous year. Price inflation in the market has also fallen, which may increase competitive pressure on firms.
The trade, transportation and utilities sector added the most jobs (2,200) in San Diego County in December 2016, contributing to a decrease in the unemployment rate. Overall, 28,900 jobs were added in 2016, a 2% annual increase. San Diego has a diverse economy led by government, professional services, healthcare, retail, and hospitality. Strong employment growth is fueling demand across commercial real estate sectors, including positive net absorption in the office, industrial, and retail markets with declining vacancy rates.
2019 Q3 Colliers St. Louis Industrial Market ReportColliersSTL
Heavy absorption of industrial space in St. Louis is driving continued construction activity and lowering vacancy rates. Year-to-date absorption is nearly 3 million square feet, pushing overall vacancy to its lowest rate since 2006. While speculative construction completions may increase vacancy going forward, absorption is expected to remain positive. Rental rates are trending upward but have decreased from earlier in the year due to increased competition and tax abatements. The St. Louis economy remains strong but signs of a potential national economic slowdown in 2020 have emerged.
The document provides a quarterly report on the office market in the Greater Toronto Area (GTA) for Q1 2014. It summarizes key metrics like inventory, absorption, vacancy and rental rates. Demand remains strong from financial services, insurance and technology firms. Vacancy rates are rising in suburban areas as firms migrate to urban cores. The investment market is expected to gain momentum through 2014, with a focus on mixed-use urban retail projects.
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
Vietnam's GDP grew by 6.68% in 2015, with strong growth of 7.01% in the fourth quarter. Total FDI into Vietnam reached $22.76 billion, up 12.5% year-over-year. In Hanoi, two new retail centers added over 137,000 square meters of space in the fourth quarter, increasing total retail stock by 19.2% quarter-over-quarter. Positive leasing activity led to a 3 percentage point increase in average market occupancy to 88%. Average asking rents increased 6.9% quarter-over-quarter due to higher rents at new projects. Over 250,000 square meters of new supply is expected to be completed in 2016, with large projects
U.S. Telephone Apparatus Market. Analysis And Forecast to 2020IndexBox Marketing
IndexBox Marketing has just published its report: “U.S. Telephone Apparatus Market. Analysis And Forecast to 2020”.
The report provides an in-depth analysis of the U.S. telephone apparatus market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
- The document provides an overview of global real estate investment trends in 2015 and an outlook for 2016.
- Global property investment volumes fell slightly for the first time in 6 years in 2015, down 2.4% to $1.29 trillion, driven by a pullback in Asia, notably for development land. Excluding land, volumes rose 8.2%.
- Going forward, the focus will be on core assets that provide value to occupants. Investors will seek platforms for local intelligence and pursue opportunities such as modern flexible office, retail, and logistics space in gateway cities.
The document provides an overview of the medical office building (MOB) market in the Houston metro area in Q1 2016. It finds that while the US economy continues expanding, GDP growth has slowed. Nationwide, hospital and MOB jobs are forecast to grow but MOB jobs in Houston are expected to remain flat in 2016 due to declines in the oil/gas industry. In Houston, MOB vacancy rose to 13.2% in Q1 2016 while average rent fell slightly. Overall, the MOB market is showing weakness due to slowing demand despite lower new construction levels.
The document discusses using suprasegmental features present in linear prediction (LP) residual for audio clip classification. It explains that existing audio classification approaches miss important suprasegmental information and that statistics of the autocorrelation sequence of the Hilbert envelope of the LP residual contain audio-specific suprasegmental information that can enhance classification. An experiment is described that demonstrates classifying audio clips into 5 categories using support vector machines based on the variance of the autocorrelation sequence, achieving over 50% accuracy on average. Future work to improve classification performance by combining suprasegmental and other features is discussed.
This document provides a summary of Allison Vincent's contact information, education history, work experience, notable experience, and technical skills. Allison Vincent received a B.S. in Genetics & Genomics from UC Davis in 2016 with a minor in Psychology and a GPA of 2.85. She has work experience as a student manager at Junction UC Davis from 2014-2016 and as an SA II worker there from 2013-2014. Currently, she interns at the Bales Lab at UC Davis and is the president of the UC Davis Fencing Club.
Lanlinker.in is the premier property website in India, best portal for people who are looking forward to buy property in India. Explore verified real estate properties within your budget on landlinker.in. http://www.landlinker.in/project/MASCOT%20MISTY%20HEIGHTS/103.html
Maria Rodriguez is seeking a position with opportunity for growth and success. She has experience in customer service roles at Friar Tux Shop and Turners Outdoors Man where she assisted customers and worked efficiently in teams. Currently, she works as an accounting assistant performing tasks like check distribution, credit card reports, and journal entries. She is studying at Cal State Northridge and graduated from Reseda High School where she held leadership positions such as class president and cheerleading.
Hidden Household Expenses Associated with HomeownershipNick Schaeffer
When you own a home, it’s easy for household expenses to spiral out of control. Every year, the average homeowner is in the unenviable position of spending thousands of dollars on owning and maintaining a
home- and that’s just when everything is going well! If an emergency hits, many homeowners have to make sacrifices they can ill afford just to keep the home up and running. The best strategy to avoid disaster is to work on cutting down the everyday household expenses associated with owning a home.
In a direct DHW system, precipitation of limescale can occur when water is heated, clogging pipes and boilers. This system is only suitable for soft water areas and can damage equipment. An indirect DHW system uses a heat exchanger to prevent this issue, making it more common and allowing boiler use for central heating. It requires a secondary circulation to avoid dead legs in pipes.
Brad Fuhr is the founder of Gay Desert Guide, an online LGBT marketing company. In just 19 months, Gay Desert Guide has grown significantly, achieving over 250,000 pageviews and 75,000 visitors. The company promotes locally through media sponsorships and partnerships, and worldwide through apps, websites, Google Adwords, SEO, and media partnerships. Gay Desert Guide offers various marketing services for businesses and events, including premium listings, coupons, map placements, and newsletter placements.
Indonesia's Paradise Under The Sea: Explore Wakatobi 2016Mia Amalina Bey
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Cornelius, a devout God-fearing Gentile, receives a vision instructing him to summon Peter. Peter has a vision of unclean animals and is told to eat them, representing that Gentiles are not unclean. When men from Cornelius arrive, Peter understands God is showing him to accept Gentiles. Peter preaches to Cornelius and other Gentiles about Jesus providing forgiveness of sins to all who believe. The Gentiles respond in faith, though not all Jews yet accepted the mission to Gentiles.
The document provides an analysis of the Q4 2019 industrial real estate market in St. Louis. It finds that employment in the industrial sector grew 2.4% year-over-year, driven by growth in the construction sector. Absorption topped 4 million square feet for the fourth straight year thanks largely to expansions by World Wide Technology. Vacancy rates rose above 5% as several new speculative buildings delivered vacant space to the market. Leasing activity continued to be dominated by smaller tenants under 100,000 square feet.
Q1 - 2015 North American Industrial HighlightsCoy Davidson
The North American industrial vacancy rate declined 15 basis points to 6.7% in Q1 2015. Net absorption was strong at 63.1 million square feet, while 52.0 million square feet of new space was added. Healthy demand and a need for modern space has led to an upswing in construction activity in both the US and Canada. Tightening market conditions have pushed up industrial rents, with average US warehouse rents rising 2.2% to $5.16 per square foot.
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
Positive signs of a continued recovery were prevalent in Q1 2021, with vaccinations gaining critical mass, GDP showing growth, and the country opening back up for business. Additionally, M&A continues to be a tidal wave of activity, preparing to make landfall in Q4 2021.
Global economic struggles are dampening the US construction recovery. Low growth abroad has reduced investment and consumer spending domestically. While US GDP growth remains steady, construction lags the broader economy and may slow in response to global issues like low commodity prices and China's economic decline. Rising costs also challenge builders as wages and materials prices increase. First quarter construction starts declined from 2015 levels, and some sectors like office have seen significant drops, indicating activity is beginning to flatten due to cautious spending globally. Infrastructure remains a bright spot with increased transportation spending.
The document summarizes the June 2015 employment situation in Chicago and the United States. In Chicago, employment increased by 15,000 jobs as the labor force expanded by 20,000 workers. The unemployment rate increased slightly to 6.0%. Several sectors drove employment growth including construction, trade/transportation/utilities, professional services, and leisure/hospitality. Nationally, 223,000 jobs were added in June while the unemployment rate fell to 5.3%, its lowest since 2008.
Construction activity is shifting nationwide as manufacturing and retail companies make efforts to modernize, create more just-in-time shipping locations and link operations digitally.
Commercial Real Estate Market Overview August 2015_tcm78-50654Yirong Song
The document summarizes commercial real estate market trends from 1950-2015. It discusses the post-WWII shift from central business district (CBD) office space to suburban office space due to demographic and economic factors. Starting in the late 1990s and 2000s, CBD office demand increased as crime rates fell and millennials entered the workforce. While CBDs have generally outperformed suburbs, some technology and energy markets saw stronger suburban growth after 2008. Across property types, vacancy rates declined and prices rose from 2014-2015, though retail prices remain below 2007 levels. The industrial, apartment, and office sectors are expected to see declining vacancies and rent growth amid new supply.
This paper surveys (1) the changes on the Chinese manufacturing sector brought by the economic reform in China in 1978, (2) the impacts of factors of production on the gross domestic product of the industry sector by estimating a Cobb-Douglas production function, (3) the effects of deregulation on total factor productivity levels, and (4) future economic output of the sector by forecasting capital stock and labor growth levels. The results show that, following China’s economic reform and restructuring of the economy, capital has played a more significant role in the production process and the factor intensity of labor has gradually diminished, while productivity has drastically spiked with TFP being 0.002 in 1978 to 0.013 by 2018. Our model, after forecasting investment flows and labor workforce participation, projects that by 2030, the expected GDP value added in the ten year period by the manufacturing sector will stagnate within past levels and fall between 4.59 to 7.84 trillion yuan.
The document provides a quarterly market report on the Houston retail sector in Q1 2020. It summarizes that the sector was healthy in Q1 but will be negatively impacted by COVID-19 going forward. Key statistics for Q1 2020 include a vacancy rate of 5.4% and 429,013 SF of net absorption. However, retail has been hardest hit by the economic shutdown, and vacancy is predicted to spike to over 12% with store closures. The future impact on the sector is difficult to predict due to the pandemic.
- Two new office buildings were delivered in Hanoi in Q1 2016, adding over 65,600 sqm of new office space. Overall office vacancy rates increased slightly, while average asking rents decreased year-over-year.
- Twelve new office projects totaling approximately 170,500 sqm are expected to be completed in Hanoi in 2016, with most located outside the CBD.
- The retail market saw no new supply in Q1 2016, with overall vacancy rates decreasing year-over-year. Average asking rents increased moderately both quarter-over-quarter and year-over-year. Over 175,000 sqm of new retail space is forecasted for 2016.
Mercer Capital's Value Focus: Real Estate Industry | Q4 2015 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
Commerce Real Estate Solutions 3rd Qtr 2010 Industrial ReportJessica Parrish
Vacancy rates in the Las Vegas industrial market rose to 15.1% in the third quarter of 2010, up from 15.0% the previous quarter. Average asking lease rates remained steady at $0.60 per square foot. With developers halting new projects, there were no new construction completions during the quarter and only a small amount of space remains under construction. The outlook continues to be cautious as the market remains impacted by weak economic conditions and high unemployment.
1) Housing prices in the Boston area increased 3.1% in the last year but price growth is slowing. The median home price is $625,500, which is above the conforming loan limit.
2) Unemployment in Boston is higher than the national average at 5.3%, weighing on consumer confidence. Employment growth has eased but remains positive.
3) New housing construction is down 11% from a year ago, but remains above the long-term average, which could increase inventory and moderate price growth if production stays high.
The Truth About Lying: An Economic AnalysisJoe Morgan
The document provides misleading statistics and information about various economic indicators such as housing, employment, and financial markets. It includes graphs and charts with made-up or manipulated data designed to portray a rosier picture than the actual economic situation. The document is critiquing the practice of using false or misleading statistics to claim the economy is improving more than it really is.
Final - Development Potential Updated GJC VersionKeenan Steiner
Washington D.C. is expected to continue expanding through 2040 due to projected job and population growth. An estimated 230,000 new jobs will be added, requiring 81 million square feet of new office/retail space and 119 million square feet of new residential space. Specifically, 105,240 new residential units will be needed by 2032, over 60% being multi-family units. Continued growth in property taxes could generate hundreds of millions for investments in education, infrastructure, and affordable housing.
- The US office market continued to feel the impact of the COVID-19 recession in Q4 2020, with vacancy rates rising to 15.5% as absorption fell to -43 million square feet. Sublease space availability nearly doubled year-over-year to over 111 million square feet.
- Job losses led to falling demand for office space, with 1.2 million fewer office jobs in Q4 than before the pandemic. A record number of markets had negative absorption, bringing total space given back over three quarters to 103 million square feet.
- With vaccines now being distributed but COVID cases still rising, the outlook calls for further vacancy increases and rent declines in 2021, though recovery is expected to accelerate in the second
1. Real Estate Counselors International, Inc.
1 July 2016Metro Chicago Core MOB Market
A market report for healthcare real estate professionals 2nd
Quarter 2016
METRO CHICAGO CORE MARKET MEDICAL OFFICE BUILDING SNAPSHOT
Quarterly Change in U.S. Gross Domestic
Product, 2005 Q1 to 2017 Q1
Sources: U.S. Bureau of Economic Analysis and Real Estate Counselors
International, Inc.
Quarterly Change in United State and Metro
Chicago Employment: 2008 - 2015
Sources: United States Bureau of Labor Statistics, Moody’s Analytics, and Real
Estate Counselors International, Inc.
Metro Chicago Core MOB Market
Total Private Sector Job Growth
Sources: Illinois Department of Employment Security and Real Estate Counselors
International, Inc.
*Note: MOB jobs are defined to include selected
ambulatory healthcare establishments, including: (1)
Offices of Physicians; (2) Outpatient Care Centers,
(3) Offices of Other Health Practitioners; and (4)
Medical and Diagnostic Laboratories.
Executive Summary
We remain in the fourth longest expansion in the nation's economic
history, according to data available from the U.S. Bureau of Economic
Analysis. In fact, nearly 15 million jobs have been created since mid-2010.
Although real GDP growth over the last three quarters has been weak,
consumer spending remains strong and Moody’s Analytics believes that
this sector of the economy will drive the U.S. expansion in the second half
of the year. Real consumer spending surged in the 2nd
quarter, the fastest
rate since the 4th
quarter of 2014. U.S. job gains remain strong, with no
indication that this will not continue. Nationally, the healthcare sector
including both Hospital and Medical Office Building jobs* are growing at a
strong pace and are forecast to continue their recent strong growth trend,
according to Moody’s Analytics’ forecast model.
Job growth in metro Chicago is forecast to remain moderately strong
through at least year-end 2017, a direct result of growth in Construction,
Leisure & Hospitality, Professional & Business Services and Education &
Health Services jobs. Private sector construction, principally construction
of industrial, office and multifamily structures is fueling most of the growth
in construction jobs.
The metro Chicago Core MOB market, which includes Cook, DuPage
and Lake Counties, contains 3.0 million total private sector jobs and
436,000 jobs in the Healthcare and Social Assistance sector. Between
2012 and 2015 alone, this sector has added 35,000 jobs to the core
market, reflecting an annual average increase of nearly 3%.
Metro Chicago Core MOB Market Highlights as of the 2
nd
Quarter 2016
The average gross asking rent was $22.36 PSF, reflecting steady
increases since 2012, and despite recent negative net absorption.
Negative net absorption in the first half of 2016 was largely driven
by the vacation of a single medical office building (153,000 square
feet) located on the near south side of the city of Chicago.
Vacancy Rate: 13.7%, up from 12.3% in the 4th
quarter 2015;
above pre-recession level of about 10.0%.
Square feet of MOB’s under construction remains historically low at
only 0.84% of existing inventory; approximately 20 other medical
office buildings totaling 850,000 square feet, are proposed for
construction.
Metro Core MOB Market Outlook
The Metro Chicago Core MOB Market is showing signs of slowing
space demand but a continued trend of rent growth, as new supply
remains low. The vacancy rate is expected to decline over the long-term,
but may remain flat over the short-term. Still, the long-term demand
outlook for MOB space in the Metro Chicago Core Market is positive. We
expect MOB job growth to remain strong and in turn fuel stronger demand
for MOB space.
‐10.0%
‐8.0%
‐6.0%
‐4.0%
‐2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
GDP Annualized Percentage Change
Year/Quarter
‐8%
‐7%
‐6%
‐5%
‐4%
‐3%
‐2%
‐1%
0%
1%
2%
3%
4%
Annualized Quarterly % Change
Year/Quarter
United States Chicago‐Naperville‐Elgin, IL‐IN‐WI Metropolitan Statistical Area
16,652
‐16,096
‐160,302
‐92,837
52,756 56,531
44,090
53,849
46,607
‐180,000
‐160,000
‐140,000
‐120,000
‐100,000
‐80,000
‐60,000
‐40,000
‐20,000
0
20,000
40,000
60,000
80,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
Change in Jobs
2. Real Estate Counselors International, Inc.
2 July 2016Metro Chicago Core MOB Market
A market report for healthcare real estate professionals 2nd
Quarter 2016
Medical Office Building* and
Hospital Jobs:
United States and Metro Chicago
Sources: U.S Bureau of Labor Statistics, Moody’s Economic.com and Real Estate
Counselors International, Inc.
Demand for off-campus medical office buildings
(MOBs) over the next several years, will be fueled by
increased focus on outpatient services by hospitals
and physician groups; continued movement of
outpatient services to superior off-campus locations
with high identity and superior accessibility; and an
increasing diversity in the mix of practice types at off-
campus locations, including those traditionally found at
hospital locations.
Trend of MOB Average Gross Asking Rent
for Metro Chicago Core Market
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: All figures represent annual quarterly averages, not quarter-end figures.
Core Market Vacancy Rate by Class
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: All figures presented in this graph reflect quarter-end statistics, not
quarterly averages.
METRO CHICAGO CORE MARKET MOB DEMAND/SUPPLY
After more than two years of positive net absorption, the market
exhibited negative absorption in the 2nd
quarter of 2016. Although net
absorption was positive in the 1st
quarter, absorption in the 2nd
quarter was
negative, a trend, this significant, not seen since 2013. However, upon
further investigation, we determined that the negative absorption was
largely driven by the vacation of a single medical office building (a 153,000
square foot building) located on the near south side of the city of Chicago.
Despite little new construction in the first half of 2016, the vacancy rate was
reported at 13.7% at the end of the 2nd
quarter 2016 or 70 basis points
higher than the 2nd
quarter 2015.
Metro Chicago Core Market Demand/Supply: Deliveries,
Absorption, Vacancy and Change in Average Rent
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Notes: (1) Percentage change in rent YTD 2016 Q2 represents the change since year-end 2015.
(2) All statistics represent annual quarterly averages, not quarter-end figures.
Metro Chicago Core Market & Outlying Market
Demand/Supply Indicators:Q2 2015 and Q2 2016
Ind ic at o r
C hic ag o
M e t ro - C o re
M arke t ( 1)
C hic ag o M e t ro -
O ut ly ing M arke t
( 2 )
N umb e r o f P ro p e rt ie s 1,154 705
To t al N e t R e nt ab le S q uare F e e t 20,375,733 11,273,774
V ac anc y R at e , 2 0 16 Q2 13.7% 11.5%
V ac anc y R at e , 2 0 15 Q2 13.0% 13.4%
B as is P o int C hang e in V ac anc y 2 0 15 Q2 t o 2 0 16 Q2 70.00 -190.00
Gro s s A s king R e nt , 2 0 16 Q2 $22.36 $15.25
Gro s s A s king R e nt , 2 0 15 Q2 $21.91 $15.70
% C hang e in A s king R e nt 2 0 15 Q2 t o 2 0 16 Q2 2.1% -2.9%
S p ac e A b s o rb e d 2 0 15 Q2 t o 2 0 16 Q2 (i.e, Last 4
quarters)
-106,003 309,701
A b s o rp t io n R at e -0.6% 3.1%
S p ac e Le as e d 2 0 15 Q2 t o 2 0 16 Q2 (i.e, Last 4 quarters) 567,225 290,018
Le as ing R at e 3.2% 2.9%
Sources: CoStar Group and Real Estate Counselors International, Inc.
Notes:
(1) MOBs containing 2,000 square feet or more located in Cook, DuPage and Lake Counties.
(2) MOBs containing 2,000 square feet or more located in 17 outlying counties.
(3) All figures presented in this table reflect quarter-end figures, not quarterly averages.
95.0
97.5
100.0
102.5
105.0
107.5
110.0
112.5
115.0
117.5
120.0
122.5
125.0
127.5
130.0
132.5
135.0
137.5
Employment Growth Index Q4 2006 = 100.0)
Metro Chicago ‐ MOB Jobs United States ‐ MOB Jobs
Metro Chicago ‐ Hospital Jobs United States ‐ Hospital Jobs
$21.95
$22.84 $22.59
$23.03
$21.68
$21.03 $21.08
$21.47
$21.75
$22.40
$16.00
$17.00
$18.00
$19.00
$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
94.00
95.00
96.00
97.00
98.00
99.00
100.00
101.00
102.00
103.00
104.00
105.00
106.00
107.00
2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD
2016
Q2
Gross Asking Rent, Per Square Foot
Rent Growth Index (2007 = 100.0)
Asking Rent Gross Rent Growth Index
18.8%
13.2% 13.0%
13.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
Class A Class B Class C Total of
Class A, B & C
2nd Quarter 2016 Vacancy Rate
9.6% 9.6%
10.9%
10.9% 12.1% 12.3%
13.5%
12.5% 12.8%
13.7%
5.5%
4.0%
‐1.1%
1.9%
‐5.9%
‐3.0%
0.2%
1.9% 1.3%
3.0%
‐240,000
‐180,000
‐120,000
‐60,000
0
60,000
120,000
180,000
240,000
300,000
360,000
420,000
‐12.0%
‐9.0%
‐6.0%
‐3.0%
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
21.0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD
2016 Q2
Square Feet (Deliveries and Absorption)
Percent (Vacancy Rate and % Change in Asking Rent
Deliveries Absorption Vacancy Rate % Change in Asking Rent
3. Real Estate Counselors International, Inc.
3 July 2016Metro Chicago Core MOB Market
A market report for healthcare real estate professionals 2nd
Quarter 2016
Chicago Core Market
Asking Rents by Class
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: All figures presented in this graph reflect quarter-end statistics, not
quarterly averages.
Core market leasing (gross absorption) and net
absorption (i.e., space demand) has been
strongest in the Class A sector since year-end 2015.
Net absorption has been weakest in the Class B
sector. Although there is a moderate amount of
leasing activity, net absorption was flat in the first half
of 2016.
Chicago Core Market Leasing and
Absorption Rates by Class
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: All figures presented in this graph reflect quarter-end statistics, not
quarterly averages.
Metro Chicago Core market MOB
Construction
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Prior to the Great Recession, the gross asking rent for MOB space was
+$23.00 per square foot for the metro Chicago Core market, as a whole.
The average asking rent for all MOB space fell to a low of about $21.00 per
square foot at the end of 2012 and has steadily risen since that time.
Despite increasing vacancy over the past five years and small amount of
negative absorption during the 1st
half of 2015 and 2016, the average gross
asking rent continues to increase.
Of the three classes of properties, Class A MOBs exhibited the highest
vacancy rate at 18.8%, at the end of the 2nd
quarter. The Class B and
Class C vacancy rates were near 13% at the end of this same quarter.
Since the 2nd
quarter 2015, vacancy rates have declined for Class A
properties and increased slightly for Class B and C properties. The
market’s largest MOBs, encompassing just over 6.7 million square feet built
since 1979 exhibited a vacancy rate of 17.4% at the end of the quarter, as
shown in the table below.
Cl a s s A C l a s s B C l a s s C
To t a l
( C l a s s A, B
& C )
N umb e r o f P ro p e rt ie s 28 622 501 1,154 133
To t al N e t R e nt ab le S q uare F e e t 1,919,275 13,708,887 4,717,511 20,375,733 6,730,225
V ac anc y R at e , 2 0 16 Q2 18.8% 13.2% 13.0% 13.7% 17.40%
V ac anc y R at e , 2 0 15 Q2 20.6% 12.2% 12.6% 13.0% 14.90%
B a s is P nt C hg in V ac anc y 2 0 15 Q2 -
2 0 16 Q2
-180.00 100.00 40.00 70.00 250.00
Gro s s A s king R e nt , 2 0 16 Q2 $29.51 $21.67 $18.78 $22.36 $25.91
S p ac e A b s o rb e d 2 0 15 Q2 t o 2 0 16 Q2 34,216 -111,581 -20,678 -106,003 -168,292
A b s o rp t io n R at e 2.2% -0.9% -0.5% -0.6% -3.1%
S p ac e Le as e d 2 0 15 Q2 t o 2 0 16 Q2 133,776 340,579 89,531 567,225 238,201
Le as ing R at e 8.6% 2.9% 2.2% 3.0% 4.3%
Va ri a b l e s
B u i l d i n g s b y C l a s s
La rg e s t MOB s
( A l l C l a s s e s
o f B u i l d i n g s
wi t h 2 5 , 0 0 0
S q u a re Fe e t
o r Mo re a n d
B u i l t S i n c e
19 7 9 )
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: All statistics presented in this table reflect quarter-end statistics, not quarterly averages.
At the end of the 2nd
quarter 2016, the Metro Chicago Core MOB
market inventory encompassed nearly 20.4 million square feet in 1,154
buildings, according to the CoStar property database.
There are presently seven medical office buildings under
construction, encompassing 1.8 million square feet of space. Five of
the seven buildings total approximately 176,200 square feet. The two large
buildings are the 1,056,000 square foot Ability Institute Building being
developed by the Rehabilitation Institute of Chicago and located at 355 W.
Erie Street, Chicago, IL (2017 delivery) and the 700,000 square foot
Northwestern Biomedical Research Tower located at 320 E. Huron Street,
Chicago, IL (2018 delivery).
Over the last five years a total of 736,000 square feet, representing only
3.6% of the total inventory was added to the Metro Chicago Core MOB
Market.
$29.51
$21.67
$18.78
$22.36
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
Class A Class B Class C Total of
Class A, B & C
2nd Quarter 2016 Asking Rent
8.6%
2.9%
2.2%
3.0%
2.2%
‐0.9%
‐0.5% ‐0.6%
‐2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Class A Class B Class C Total of
Class A, B & C
Space Leased/Absorbed as a % of Occupied Stock
Leasing Rate Absorption Rate
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2000 Q4
2001 Q3
2002 Q2
2003 Q1
2003 Q4
2004 Q3
2005 Q2
2006 Q1
2006 Q4
2007 Q3
2008 Q2
2009 Q1
2009 Q4
2010 Q3
2011 Q2
2012 Q1
2012 Q4
2013 Q3
2014 Q2
2015 Q1
2015 Q4
% Under Construction / Inventory
Square Feet Under Construction
Square Feet Under Construction % Under Construction / Inventory
4. Real Estate Counselors International, Inc.
4 July 2016Metro Chicago Core MOB Market
A market report for healthcare real estate professionals 2nd
Quarter 2016
MOB Sales Capitalization Rates and Average
Annual Prices per Square Foot
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Since 2006, Chicago core market MOB
investment sales have exhibited
capitalization rates that peaked around
9.8% in 2009 and reached a low of 7.3% in
the first half of 2016. The jump in the
average capitalization rate in 2014 resulted
from the sale of a number of smaller, older
medical office buildings in that year.
Investor Profile of MOB Investment Sales:
Transacted Since January 2011
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Since January 2011, approximately 59% of
Core Market MOB sales volume represents
acquisitions by private equity firms. The
next largest share, estimated at 19%, is
associated with public REITs.
METRO CHICAGO CORE MARKET MOB INVESTMENT SALES TRENDS
Since 2011, approximately 45% of all MOB investment sales activity has
been concentrated in three Chicago submarkets – Near-North Suburban
Area, Eastern East-West Corridor and Western East-West Corridor.
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
There are 12 top buyers who each amassed over $12.0 million worth of
MOBs since 2011. On average, these buyers paid $258 per square foot
which is well above the market average per square foot sale price associated
with all MOB sales of the last five years. These portfolio or aggregate sales
ranged in price from $89.00 per square foot (Imperial Realty) to $591 per
square foot (Noel F. Danto).
Largest MOB Investment Sales since January 2011
Sources: CoStar Group, Inc. and Real Estate Counselors International, Inc.
Note: These data may include properties that are part of portfolios located in a few other metropolitan areas.
$148
$113
$148
$135
$133
$79
$194
$184
$159
$215 $217
7.7%
9.8%
7.6%
9.5%
7.3%
$25
$50
$75
$100
$125
$150
$175
$200
$225
$250
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Sales Price Per Square Foot
Capitalization Rate
Average Price Per Bldg SF Average Cap Rate
19%
14%
59%
8%
REIT/Public Institutional
Private User
$0 $50 $100 $150 $200
Central Northwest Suburban
Far South Suburban
Joliet/Central Will
Gold Coast/Old Town
Far North Suburban
Far Northwest Suburban
North DuPage County
Melrose Park Area
O'Hare
Cicero/Berwyn Area
South Route 45
Lincoln Park
Central North Suburban
Northwest City
Near South Cook County
City of Chicago ‐ South
Schaumburg Area
Oak Park Area
Western East/West Corr
Eastern East/West Corr
Near North Suburban
Millions of Dollars
# Buyer Acquistion Total Square Feet Price PSF
1 MB Real Estate $159,365,903 562,167 $283
2 Griffin Capital Corporation $65,054,500 289,586 $225
3 Healthcare Trust of America, Inc. $54,000,000 139,200 $388
4 Harrison Street Capital $47,900,000 89,903 $533
5 Duke Realty Corporation $47,750,000 104,912 $455
6 Inland Real Estate Group of Companies, Inc. $44,115,684 132,919 $332
7 Cole Real Estate Investments $40,299,000 135,448 $298
8 MedProperties Group $38,495,000 233,644 $165
9 Imperial Realty Company $32,689,553 365,633 $89
10 Dupage Medical Group $20,600,000 72,600 $284
11 Patriot Equities L.P. $15,300,000 97,009 $158
12 Noel F. Danto $12,300,000 20,800 $591
Total/Average $577,869,640 2,243,821 $258
5. Real Estate Counselors International, Inc.
5 July 2016Metro Chicago Core MOB Market
A market report for healthcare real estate professionals 2nd
Quarter 2016
CORE MARKET AREA DEFINITION AND MOB INVENTORY
Sources: CoStar Group and Real Estate Counselors International, Inc.
Note: Medical office properties containing 2,000 square feet or more located in Cook, DuPage and Lake Counties
Real Estate Counselors International has relationships with healthcare providers, private equity firms, financial institutions,
developers, investors, government agencies, major corporations, and other public and private concerns. Among our specialties
are:
Stark law Compliance
Fair Market Value Rent Studies
Property Appraisals
Acquisition Due Diligence
Disposition Pricing
Forensic Due Diligence/Evaluations
Portfolio Valuations
Litigation Support/Dispute Resolution
Market Feasibility Analysis
Since 2007, Real Estate Counselors International Inc. has performed a spring and fall survey of medical office buildings in the metro
Chicago market. Our proprietary database contains hundreds of contract and asking lease terms collected over the last several
years.
For More information, please contact: Thomas Amato, CRE at 312.332.4000 X101