Office landlords have started to shift back into the driver’s seat across the world, according to a recent Cushman & Wakefield study. Though some political instability and pockets of overbuilding keep expectations from soaring too high, the general consensus is that most markets will gain rents and occupancy by 2016.
Pennsylvania, the second state admitted to the union, is also one of the oldest in terms of population age—but seniors housing providers there say the government isn’t doing enough to address the oncoming wave of elderly need.
According to a recent survey of more than 4,000 baby boomer households in the United States, about three-quarters of those born between 1945 and 1964 do not want to move into a seniors housing community anytime soon.
During a JLL webinar about the future of U.S. manufacturing, held on Nov. 11, experts said that it is clear that more companies today are investing in or considering new manufacturing facilities stateside. The only problem, said JLL executives, is that the skill level required for these new facilities has risen above what the average community can provide.
Large technology firms are launching pilot programs with select seniors housing developers and care managers to increase the use of remote, non-intrusive health monitoring in both single-family homes and large facilities.
Foreign buyers increased their investment in the U.S. commercial real estate markets in the first half of 2014, pouring in $85.4 billion in property purchases here compared to $76.7 billion in the first half of 2013.
The amount of sustainability data collection at many large global property firms has quadrupled. According to the recently released 2014 GRESB survey, almost 80 percent of the participant firms measure energy use. The survey participants also reported that both carbon emissions and water consumption are down at the firms.
Though the completion of the Panama Canal expansion has been delayed again until mid-2016, East Coast seaports, expected to benefit the most from the $5.2 project, have begun to win over more shipping traffic from the West Coast.
Retailers are trying to keep up with each other by “omnichanneling”—setting up various points of purchase, both online and in stores—for their consumers. Manufacturers are working to shorten supply chains. Feeding this distribution beast requires new buildings in large population areas—smart centers that serve as the straight-to-consumer location rather than as a hub of multiple stopping points.
Developers are trying two distinct approaches to attracting new office tenants in a market that is rapidly seeing cheap, big-block space dry up: the tried-and-true new class-A headquarters building and repositioning a dated property.
Despite getting a "black eye" in the press this summer for its perceived lack of supervision, the U.S. Immigrant Investor Program, more commonly known as EB-5, has become an increasingly popular way to boost investment in seniors housing development.