US office space rent rises at fastest clip in a decade: report Keppel REIT's net property income down 12% to $34.6m in Q1 Commercial Property Values Now 14% Above 2007 Peak: Report Expect weak reports from hospitality REITs as hotel revenues dwindle Commercial property investing not for faint hearted U.S. office space rent rises at fastest clip in a decade: report
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NEWS AND INFORMATION
Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle Inc .
Keppel REIT reported that its net property income declined 12% on a year-on-year basis to $34.6m in the first quarter. The decline was mainly due to the expiry of rental support from its 87.5% interest in Ocean Financial Centre in January 2015, the absence of income contribution from Prudential Tower and the absence of rental support from Marina Bay Financial Centre Phase One. Keppel REIT's ...
Real estate research firm Green Street Advisors reported Tuesday that commercial property values in March were 11% above March 2014 and up 87% since they bottomed out in 2009.
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.
A fortune can be made in commercial property, but first time investors should be aware of the risks and do their research, experts say.
Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle Inc . Though occupancy growth in office space slowed to just over 6 million square feet from about double that pace throughout 2014, development activity and rental ...
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US office space rent rises at fastest clip in a decade: report
Keppel REIT's net property income down 12% to $34.6m in Q1
Commercial Property Values Now 14% Above 2007 Peak: Report
Expect weak reports from hospitality REITs as hotel revenues dwindle
Commercial property investing not for faint hearted
U.S. office space rent rises at fastest clip in a decade: report