What to Expect from the U.S. Industrial Sector for the Remainder of 2021
Whereas the trajectories of other commercial real estate sectors have experienced significant periods of decline, or have been topsy turvy, the story of industrial real estate has been one of success and triumph. Even during 2020, one of the most challenging years for the global economy on record, industrial real estate has not merely survived, it has excelled and thrived. These trends will continue throughout the remainder of 2021 and beyond. This report will analyze…
Effects of Changing Tax Policy on Commercial Real Estate
In its “American Family Plan,” the Biden administration proposes to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at the same rate wages and salaries are taxed and raise the top marginal income tax rate from 37% to 39.6% for households making $400,000 or more in income. If passed, these taxes will have significant ramifications on the US economy in general…
2021 Q1 Economic Report
GDP GROWTH: Flush with hundreds of billions of federal stimulus dollars, consumers delivered a positive jolt to the U.S. economy in the first quarter as the Commerce Department reported that GDP came in at a 6.4% seasonal adjusted annual rate. “This signals the economy is off and running and it will be a boom-like year,” said Mark Zandi, chief economist at Moody’s Analytics. “Obviously, the American consumer is powering the train and businesses are investing…
2021 Q1 North America Market Report
INDUSTRIAL OVERVIEW: CONSTRUCTION SETS RECORD, GROWTH CONTINUES Strong tenant expansion continued in the first quarter as developers were underway on a historic volume of new projects while the pace of rent increases downshifted slightly. Net absorption totaled 73,987,060 SF in the first quarter, bringing the aggregate for the last four quarters since the lockdown to 252.3 million SF the most since 2017. Vacancy is projected to remain between 5% and 6%, roughly half of the…