There’s more than $2 billion in new health care projects set for completion in the Southeast in the next two years, according to data provided by Revista, an Annapolis, Md.-based health care consulting firm. Atlanta and Miami will receive the bulk of the new construction.
Online investing has grown so successful that it’s starting to hit the seniors housing market, with the first seniors housing project breaking ground this year in Bloomington, Ind., thanks to crowdfunding assistance.
For a while, it looked like the U.S. office market had once again become the landlords’ playground, at least in core cities. But overbuilding could upset this trend, giving more negotiating power back to office tenants, warn researchers.
Office and industrial properties achieved full recovery nationwide by the second half of 2014, with cap rates compressing and prices skyrocketing. This is pushing investors to either reposition existing gems in their portfolios or pick up trophy properties in secondary markets.
Vacancy has increased in one of the top U.S. office markets, Washington, D.C., but at least one expert says the drop is just a minor blip that signifies investors should seize on properties while they can.
With the cork finally having been pulled from capital for new construction, seniors housing occupancy inched slowly upward in the second quarter. While talk of overbuilding—not yet really even a threat—has begun, many experts think lenders have learned their lesson and will keep holding their purse strings tight, though more ways to finance are emerging for the sector.
There will be about 1 billion people who need some form of memory care worldwide by 2050, according to a recent survey of 6,000 people across 12 countries, conducted by the Chicago–based Alzheimer’s Association. As seniors property construction picks up speed in many U.S. markets, building projects for dementia patients is proving to be a gold mine—if a company has the expertise to do it.
The U.S. Energy Information Administration recently released preliminary results from its 2012 Commercial Buildings Survey, which measures the size of the current U.S. building stock. The study will then be combined with another yardstick, the Energy Supplier Survey, which is now underway by the EIA.