05.11.2022
Commercial Build-Outs Are Taking Months Longer
Supply chain and labor shortages are delaying commercial build-out and tenant improvement projects by an average of three months. Commercial build-out and tenant improvement projects are taking significantly longer due to supply chain and labor…
Read More05.11.2022
Funded Like Finance, Scaling Like Tech: How Crypto Firms Are Handling The Office Search
Companies born out of blockchain technology, like those involved in cryptocurrency and NFTs, as well as web3 operations, are increasingly looking to lock up office space in New York as a way of luring talent and indicating to investors they…
Read More05.10.2022
The Race for Industrial Space
With nearly 60 markets across the U.S., we’ve utilized JLL local market intelligence to gather insightful information on the current supply conundrum. This report addresses the various challenges occupiers, landlords, investors, and developers are facing…
Read More05.09.2022
Rising Interest Rates Are Creating Turbulence in the CRE Investment Market
Capital costs are rising, but fundamentals remain strong and real estate is also benefiting as a hedge against inflation. After a long run of incredibly cheap capital, the commercial real estate industry is adjusting to…
Read More05.09.2022
NAR April 2022 Commercial Market Insights
Highlights Strong fundamentals in property segments of the multifamily, office, industrial, and retail markets are likely to keep the commercial market recovery going, although at a moderate pace amid rising interest rates and elevated inflation…
Read More05.06.2022
CRE Can Withstand A Higher Rate Environment. Here’s Why
While interest rates are not likely to come down soon, they’re still at historic lows. Fed Chairman Jerome Powell has apparently ruled out more aggressive rate hikes in the future following a 50 basis point…
Read More05.05.2022
Reality Goes Virtual in CRE
Technologies used in gaming find new life in CRE. Virtual—the wrong term. Augmented is more like it. Vision, that is. Respectively known as VR and AR, the idea is often associated with games and other…
Read More05.05.2022
Real Estate Has An Inflationary Income Risk
Leveraged investments are particularly vulnerable. Real estate is supposed to be a great inflation hedge, and it can be, so long as cash flow from rentals can increase fast enough to keep up with cap rate…
Read More05.04.2022
May 2022 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the May 2022 CCIM NM Deal Making Session & Forum and to those who shared their properties. Click here to view source PDF. Name…
Read More05.03.2022
Are Office Workers Happy with Hybrid Work Schedules?
Some studies indicate hybrid work can be a challenge, as well as being a convenience. Over the past two years, flexibility in work location has become an expectation rather than a perk. Many employers have embraced the…
Read More05.03.2022
Broker Sentiment Falls on Industrial. Yes, Industrial
But office is still rebounding. That super hot industrial market? Brokers are losing confidence and seeing strain, according to the first quarter sentiment report from the Society of Industrial and Office Realtors. Office, though, is…
Read More05.02.2022
A Post-Pandemic Boom in Mixed-Use Mega Projects Is Underway
Positive property fundamentals at mixed-use developments are attracting investors of all types. As some commercial property sectors, most notably office buildings and retail properties, continue to face some challenges post-pandemic, one popular project type—mixed-use—is making…
Read More05.01.2022
Grocery-Anchored Retail Centers Boom Amid Investor Food Fight, New Appetite From Surprising Tenants
Despite early pandemic fears about the future of brick-and-mortar retail, everyone still had to eat. So it wasn’t exactly surprising that even through the strictest lockdowns, grocery-anchored retail proved almost crisis-proof. But now, two years after the…
Read More05.01.2022
April 2022 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes April 2022 Commercial Market Trends. This report includes the total number of listings, asking lease rates, asking sales prices, days on the market and total square feet…
Read More04.28.2022
50-MW Solar Array Sending Power to ABQ
Renewable generation is now powering up nearly nine-tenths of all government operations in Albuquerque, following the inauguration of a new, 50-megawatt solar array at the Jicarilla Apache Nation. Mayor Tim Keller joined with public officials…
Read More04.26.2022
Does Increased Leasing Activity Signal Recovery for Retail Sector?
Occupancy rates throughout the retail real estate industry have ticked up in recent months, leaving the sector on its best footing since before the pandemic. Retail properties of all types, from grocery-anchored centers to enclosed…
Read More04.26.2022
Lumber Prices Heading Up This Summer … Or Not
With so many factors at play, getting a clear call on the immediate future is next to impossible. Where are lumber markets going? Some insist prices will be up this summer, some say maybe down…
Read More04.23.2022
CRE Property Price Growth Slows for the First Time Since June 2020
But values are still at a near record high. After 17 straight months of increases, the headline rate for US commercial real estate property price growth finally slowed between February and March 2022, according to Real Capital…
Read More04.22.2022
Beware the False Flight To Quality Narrative for Office
The true level of this activity is out of touch with the rhetoric. Narratives around the so-called “flight to quality” are failing to move the needle on capital market performance, as the majority of Class…
Read More04.20.2022
Albuquerque MRA Announces New Redevelopment Tax Abatement Program
The new Redevelopment Tax Abatement program offers a seven-year incremental property tax abatement to development in Metropolitan Redevelopment Areas. The program no longer requires applicants to also receive a city bond, reducing the cost and administrative…
Read More04.20.2022
Rent Increases Threaten Sun Belt Affordability As Inflation Rises
Year-over-year inflation ticked up to nearly 10% in cities like Atlanta and Phoenix. Continuously strengthening in-migration patterns across the Sun Belt are raising affordability concerns in the market, which has seen explosive population and rent…
Read More04.20.2022
Safe Banking Act Could Open Opportunities in Cannabis Investment
Cannabis real estate owners have limited access to capital, but if passed, the Safe Banking Act could change that. The cannabis industry is growing rapidly, but for real estate owners, working with cannabis businesses still…
Read More04.20.2022
Offices Adapt as Hybrid Work Becomes Normalized
There is no sugar coating it for office landlords: as employees return it is on hybrid work schedules. Before the Omicron wave earlier this year, office leasing activity had reached its highest levels since the…
Read More04.19.2022
7 Post-Pandemic Commercial Property Tax Tips
Consider each of these proven strategies to minimize ad valorem tax bills. Record-breaking commercial real estate trading activity during 2021 is having a marked impact on property values in 2022. Transactions in 2021 were up…
Read More04.19.2022
Outlook for Big Box Remains Strong Despite Headwinds
Positive momentum is largely thanks to “the sheer dominance” of e-commerce giant Amazon. The outlook for the industrial big box sector remains strong despite headwinds that include scarcity of suitable land, skyrocketing rents and ongoing…
Read More04.19.2022
The Retail Sector Waits to See If Consumers Will Stop Spending
So far the retail sector has been resilient as consumers fret about rising prices. There have been many predictions about the timing of the next recession, with the majority of forecasters settling around a point…
Read More04.18.2022
Proposed SEC Climate Disclosures Could Require a Heavy Lift for Some CRE Firms
Investors would welcome more consistent reporting of climate risk information. But commercial real estate companies affected by the rule are concerned about the added cost and strain on resources in additional reporting. Many in the…
Read More04.18.2022
Multifamily Investors Eye New Challenges After Banner Growth
And how long can renters pay for ever-increasing rents? The multifamily market continued apace through 2021 as the investment champion, driven by a combination of strong demand, easy money and lack of supply. No real…
Read More04.18.2022
When Will Investors Finally Balk at High Prices, Low Cap Rates?
Buying a CRE asset at a sub-5% cap rate is like buying a tech stock at a 100-price earnings ratio. Treasury rates are rising rapidly with the 10-Year treasury currently at 2.72% and up substantially…
Read More04.16.2022
CRE Borrowers Move Toward Alternative Lending Amid Inflation, Rising Rates
Also, floating rate deals grow while demand for fixed-rate loans drops. The go-to financing choices of CRE investors and developers are shifting as rising interest rates chase inflation amid clouds of uncertainty. “I think it’s…
Read More04.15.2022
Property Prices Could Rise With Cap Rates Poised to Fall Even Further
But a new analysis from First American Financial Corporation suggests that there’s a bottom to cap rates the industry is reaching. Think cap rates are crazy low? They could drop even more as investors battle…
Read More04.14.2022
Office Fit Outs Have Become More Expensive And Uncertain
As companies experiment with hybrid work, fit outs will increase, creating even more demand for materials and labor. Increased delays, more uncertainty and higher costs appear to be the name of the game for office…
Read More04.13.2022
What the Fed Minutes Mean for CRE Investors
The Fed is poised to implement more hawkish policies, so “be ready for rate hikes.” Parsing the minutes of last month’s Fed meeting had many commercial real estate experts reading between the lines of what…
Read More04.13.2022
Expect Another Big Summer for Multifamily
New lease pricing should continue to increase throughout the summer after rising 20% over the last eight months. Multifamily rents have increased significantly for new leases while concessions have tanked—and the sector is showing no…
Read More04.13.2022
Data Center Investors Seek New Paths to Capital Deployment
Real estate investors seeking diversification and new entrants are behind the search for opportunities. Commercial real estate investors targeting the data center sector are increasingly trying out alternative routes including development partnerships and mergers and…
Read More04.13.2022
From Fairways to Forklifts
Considering the growing demand for industrial real estate, golf courses are popular targets for conversion to warehouse and distribution centers. With the appetite for industrial warehouse and distribution space continuing to grow, more developers have…
Read More04.13.2022
NAR Commercial Market Insights- March 2022
The commercial real estate market continued to see rising occupancy, rents, and investor acquisitions in February 2022, with the impact of the Russia-Ukraine war and upswing in interest rates still likely to manifest in the…
Read More04.12.2022
Waiting For More Data on the Office Sector
So far, the tea leaves aren't giving much guidance. By some measures, the office sector seems to have improved some, according to a new report from Colliers. However, questions remain, and arise, about where the…
Read More04.12.2022
Multifamily Deals Continued to Pile In During a Busy First Quarter
Skyrocketing rents are continuing to drive interest from investors of all types towards multifamily properties across the country. On the heels of record investment sales volume on multifamily properties in 2021, early indications are that…
Read More04.09.2022
Here Come the Multifamily Headwinds
It’s tough to keep moving forward if you don’t consider what is waiting to trip you up. There are usually multiple ways to look at anything. In the case of the Yardi Matrix National Multifamily…
Read More04.07.2022
Growing Demand Continues to Drive New Data Center Development
The pandemic accelerated the use of digital platforms and cloud services, generating a surge in data center development that is attracting tons of capital. The pandemic helped ramp up data center usage, as businesses suddenly…
Read More04.07.2022
Top Global Investors Stuck to Safe Asset Classes in 2021
The question is, will that trend continue this year? Global investors poured capital into commercial real estate in droves in 2021, though “it was not exactly a risk-on type of trend in acquisitions,” Real Capital…
Read More04.07.2022
Barclays: Office Demand Could Drop By 20% Amid Hybrid Work
Neither rents nor cap rates are particularly moving in the right direction for office owners. Global office demand could drop by between 10 and 20 percent in the long run as companies continue to grapple…
Read More04.07.2022
Economic Development Is Not About Jobs Anymore. It’s About Workers
A strong post-pandemic economy—despite media accounts to the contrary—combined with a sizzling hot industrial real estate market, and dramatic shifts in office work patterns have combined to turn the traditional practice of economic development upside…
Read More04.07.2022
IMPORTANT: CCIM Hybrid Meeting Changes
In an attempt to maximize the intended benefits of the Deal Making Sessions, the CCIM New Mexico Board is adjusting the hybrid structure with new guidelines as follows: For Albuquerque and Rio Rancho based brokers,…
Read More04.07.2022
Chugging Along
Despite continued macroeconomic headwinds, new capital continues to position the net lease market for another strong year. A common theme sweeping the net lease marketplace is the abundant capital targeting the space that runs across…
Read More04.06.2022
Smooth Sailing for Net Lease Cap Rates Until 2024. Then, Watch Out
CBRE’s Levy predicts some cap rate expansion for new long-term net lease deals, “surprising upside” for retail he says is undervalued. Spencer Levy, CBRE’s Global Chief Client Officer, delivered a bullish outlook of two more…
Read More04.06.2022
What Rising Interest Rates Mean for Apartment Cap Rates
Many in the investment community worry that increasing interest rates in the coming year might have an adverse effect on their apartment property values. With both inflation and interest rates rising, following the first Federal…
Read More04.06.2022
What The Recent Yield Curve Inversion Means For Investors
Many believe a yield curve inversion means a recession is coming. Last week’s very brief yield curve inversion has increased investor concern, but one expert is calling for cooler heads to prevail. “I think there…
Read More04.06.2022
April 2022 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the April 2022 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…
Read More
