In September 2021, Amazon Data Services, Inc. (a wholly-owned subsidiary of Amazon.com, Inc.) acquired a 41.7-acre parcel for $39.7 million (~$952k per acre). According to Dgtl Infra, Amazon intends to construct a one-story, 220,000sf data center on the parcel, which … Continue reading →
The Boulder Group reports that between Q3–2022 and Q4–2022, single tenant cap rates increased to 5.95 percent (+9 bps) for retail, 6.95 percent (+15 bps) for office and 6.65 percent (+4 bps) for industrial. During the same time period, the … Continue reading →
Higher interest rates, persistent inflation and weak economic growth will contribute to more maturity defaults in 2023, according to Fitch Ratings. Fitch projects its U.S. CMBS loan delinquency rate will increase to between 4.0 percent and 4.5 percent by YE … Continue reading →
The Washington Metropolitan Area Transit Authority (WMATA) announced yesterday that rail service to Washington Dulles International Airport and Loudoun County will commence on November 15. The Silver Line Extension includes a new rail maintenance and service yard (the largest in … Continue reading →
The Prince William County Board of Supervisors will vote tomorrow on a plan to convert rural land into as much as 27 million square feet of data centers, according to The Washington Post. The “Digital Gateway” proposal asks the county … Continue reading →
In the industrial sector, REITs and institutional investors are replacing smaller, private owners. According to Business Insider (citing data from CBRE), over each of the past 12 years, institutional investors have purchased more warehouse space than they’ve sold, while private … Continue reading →
Volkswagen Group of America, Inc., the North American subsidiary of German automaker Volkswagen, has signed a 20-year lease agreement for a new logistics facility at Port Freeport, Texas. The new hub will enable Volkswagen to import approximately 140,000 vehicles per … Continue reading →
CRE analytics firm Green Street reports that its Commercial Property Price Index declined by 3.7 percent in June. Among its sector-level indexes, “Strip Retail” and “Net Lease” showed the biggest declines (-7 percent) over the past month, whereas the “Health … Continue reading →
Retail, office and industrial sector national asking cap rates fell in the first quarter of 2022 from the previous quarter, according to The Boulder Group. Retail cap rates fell by 13 basis points to 5.75 percent, office cap rates fell … Continue reading →
Single-tenant net lease cap rates registered at historic lows in Q4-2020, according to The Boulder Group. Single-tenant industrial cap rates compressed by 13 basis points to 6.75 percent. Single-tenant retail cap rates compressed by six basis points to 6.00 percent … Continue reading →