Spurred by urban population growth, companies and developers are renovating historic buildings, abandoned warehouses and industrial structures just outside of the downtowns of U.S. cities.
More than 54 percent of the world’s population lives in urban areas, according to JLL’s latest U.S. Fringe Markets report which reveals a massive shift worldwide, leading many companies to transfer from the suburbs or expand into downtown areas. READ MORE
After playing a minor role for the past few decades, Japanese investors are poised to once again ramp up their presence in the U.S. real estate market.
The increased Japanese interest in U.S. real estate “is being driven by limited opportunities to grow their portfolios within their home market,” said Lucy Fletcher, a managing director at JLL’s global capital markets group. That’s partly due to low yields on assets in Japan amid a negative interest-rate environment. READ MORE
The market is full of uncertainties, but one thing remains clear: multifamily is a huge driver in commercial real estate. As potential tax reforms stand to impact deal financings and evolving demographics create different needs, JLL stands out for its work in financing market rate and affordable housing as a partner with the experience and flexibility to navigate this sea of change. READ MORE
Large job hubs in the United States such as New York City, Dallas, and Atlanta, will enjoy an upsurge in housing demand fueled by Millennials – the largest generation in U.S. history. However, not all types of housing will prosper.
“The biggest, most obvious way Millennials are impacting the residential real estate market is based on the sheer size of the cohort – it will create massive demand,” said Vincent Lefler, from JLL’s Capital Markets team in Atlanta. According to the U.S. Census Bureau, the Millennial population – at 75.4 million — overtook the number of baby boomers in 2015, and will reach its peak at 81.1 million in 2036. READ MORE
Led by the West, secondary markets saw a 16-year high in multifamily investment during 2016, according to JLL’s U.S. Multifamily Investment Outlook. A combination of strong job and population growth, as well as above average household formations made cities such as Austin, Denver, Phoenix, Portland and Tampa top targets for multifamily investment. READ MORE