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A Room with a View

CRE Worldwide Posted on May 4, 2017 by Ramin SeddiqMay 4, 2017

The average rent rate for DC office space with views of the city’s monuments is $70.50/sf – up 19 percent from 2010, according to Washington Business Journal (citing research from JLL). The average Other men are usually seen preferring treatment … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Office, Pricing

Tehran Housing Market – April 2017

CRE Worldwide Posted on April 30, 2017 by Ramin SeddiqApril 30, 2017

As of March 21, the average home price in Tehran was around $108/sf with regional variation ranging from $201/sf (District 3) to $49/sf (District 18), according to Financial Tribune (citing data from the Central Bank of Iran). Home prices It … Continue reading →

Posted in International CRE | Tagged Asia, Housing Market, Multi-family, Pricing

Fairfax County’s Lee District Leads the County in CRE Assessed Value Gains

CRE Worldwide Posted on April 29, 2017 by Ramin SeddiqApril 29, 2017

Commercial property assessed values in the Lee District of Fairfax County increased by 25 percent over the past five years from $3.98 billion in 2012 to $4.97 billion in 2016.  Lee had the highest rate of increase among the county’s … Continue reading →

Posted in Metro DC CRE | Tagged Government, Pricing, Retail, Taxes

New York Retail Update – April 2017

CRE Worldwide Posted on April 20, 2017 by Ramin SeddiqApril 20, 2017

The average asking rent rate in Manhattan decreased from $1,008/sf in 2015 to $967/sf in 2016 with 11 of 16 retail corridors recording declines, according to The Business of Fashion (citing CBRE data). Across all 16 corridors, average asking rents … Continue reading →

Posted in US CRE | Tagged Economy, Government, Leasing, New York, Pricing, Retail

WRIT to Acquire Watergate 600

CRE Worldwide Posted on March 22, 2017 by Ramin SeddiqMarch 22, 2017

DC-based Washington Real Estate Investment Trust (WRIT) plans to acquire Watergate 600 for about $135 million ($436/sf), according to Washington Business Journal.  The 309,000sf, 12-story, Class A property is located at 600 New Hampshire Avenue and is part of the … Continue reading →

Posted in Metro DC CRE | Tagged Investments, Office, Pricing, RE Sales

Rent Affordability in DC

CRE Worldwide Posted on March 18, 2017 by Ramin SeddiqMarch 18, 2017

According to a residential rental affordability index developed by London-based real estate firm Nested, DC is the fourth most expensive rental city in the U.S. and sixth most expensive globally (among 72 cities worldwide). seanamic.com purchase viagra online With the … Continue reading →

Posted in Metro DC CRE | Tagged Economy, Housing Market, Leasing, Multi-family, Pricing

CRE Values in 2017

CRE Worldwide Posted on February 3, 2017 by Ramin SeddiqFebruary 3, 2017

The Moody’s/RCA Commercial Property Prices Indices, which cover the multi-family, retail, industrial and office sectors, dropped by 40 percent from late 2007 to the end of 2009. Since then, the indices have more than doubled and are now 23 percent … Continue reading →

Posted in US CRE | Tagged Economy, Industrial, Lending, Multi-family, Office, Pricing, RE Sales, Retail

NYC Sets New Fiscal Year Property Values

CRE Worldwide Posted on January 17, 2017 by Ramin SeddiqJanuary 17, 2017

New York City set a FY 2017/18 value of approximately $1.16 trillion for the more than one million properties located in the city. This is an increase of 8.74 percent over the previous period. Property values in These addictions might … Continue reading →

Posted in US CRE | Tagged Economy, Government, New York, Pricing, Taxes

Macy’s to Shutter Nicollet Mall Store

CRE Worldwide Posted on January 5, 2017 by Ramin SeddiqJanuary 5, 2017

Macy’s is selling the three buildings it occupies on Nicollet Mall in downtown Minneapolis. New York-based The 601w Companies is paying north of $40 million for the property which it plans to convert into office space with retail on the … Continue reading →

Posted in US CRE | Tagged Development, Economy, Investments, Office, Pricing, RE Sales, Retail

California’s Housing Shortage

CRE Worldwide Posted on November 20, 2016 by Ramin SeddiqNovember 20, 2016

The world’s sixth largest economy loses $140 billion per year in output (6 percent of the state’s GDP) to the housing shortage, according to a McKinsey Global Institute paper. About $90 billion of this loss is in missing construction investment … Continue reading →

Posted in US CRE | Tagged Economy, Housing Market, Multi-family, Pricing

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