Dividend Capital’s Dr. Glenn Mueller’s latest quarterly analysis of commercial real estate markets is now available. Dr. Mueller reports on where commercial markets stand for more than 50 Metropolitan Statistical Areas (MSAs). Property types analyzed include apartments, hotels, industrial, office and retail.
Dr. Mueller defines the four phases of markets as:
- Recovery declining vacancy, no new construction
- Expansion declining vacancy, new construction
- Hypersupply increasing vacancy, new construction
- Recession increasing vacancy, more completions
His latest findings of occupancy change and rents in the second quarter and the annualized rent for the U.S. are shown in the following table.
To see where your market stands, download the latest report click http://info.dividendcapital.com/rs/dividendcapital/images/Cycle_Monitor_13Q2_FINAL_0813.pdf?mkt_tok=3RkMMJWWfF9wsRojv6XBZKXonjHpfsX56eUlXa%2Bg38431UFwdcjKPmjr1YYGTst0aPyQAgobGp5I5FEPT7HYVLF2t6wLWA%3D%3D
In my opinion, this is a must-read report for those in major MSA markets.
Ted