As commercial real estate (CRE) professionals, perhaps some of the most important terminologies we need to be aware of is the jargon around different investment types. What return does an…
Download Report
Vacancy has increased in the third quarter of 2022 with remote work, downsizing and economic uncertainty still affecting office leasing. As of 9/30/22, vacancy rate in the Harrisburg Market was 9.6%. Notably, vacancy is higher in the Harrisburg West Submarket at 10.9% compared to 8.9% in the Harrisburg East Submarket.
Third quarter 2022 returned another record-setting rent performance in Harrisburg’s industrial market. As of 9/30/22, industrial rents averaged $7.10/SF. Remember, warehouse and distribution centers averaged $5.40/SF just two years ago.
According to a recent Bloomberg article, investment bankers Goldman Sachs outlined a bearish prediction for the UK commercial real estate (CRE) market in the short to mid-term. Goldman states that they are anticipating a drop-off of up to 20% for property values between mid-2022 and the end of 2024.
When it comes to parity, commercial real estate (CRE) still has some ways to go in leveling the playing field for women in our industry. That’s the central message of the latest report from the Commercial Real Estate Women Network (CREW), a national organization with a focus on diversity, equity and inclusion in CRE.
Earlier this year, NAI Global reported on the growing life sciences market, as capital continued to pour into the space despite a general downturn in office. In that article, we noted that the sector was picking up steam across multiple markets, both in the US and further afield.
Download the 3Q Office Market Overview
Download the 3Q Industrial Market Overview
Download the 3Q Capital Market Overview
As we shift through economic uncertainty and changes in the market, commercial real estate businesses are planning for a range of scenarios — and looking to historical trends to make predictions. REBusinessOnline sat down with two industry experts to talk about how this period of uncertainty compares to previous eras and where there may be benefits and opportunities in the current landscape. Jay Olshonsky, president and CEO, and Cliff Moskowitz, executive vice president, at NAI Global spoke about the commercial real estate outlook and the challenges it is likely to face in the immediate future.
Connect with our experts to discuss your properties and explore strategies to optimize long-term value.
Going to ICSC Las Vegas? Make every moment count—schedule a meeting to connect with the right people to grow your business here.
Thank you for your interest.
To find out more about NAI Global’s membership, please tell us a little bit about yourself.
