Commercial Real Estate - Florida CCIM Chapter Miami-Dade 商业房地产-佛罗里达CCIM章迈阿密达德.ppt

NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Florida Employment Gap NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Florida Employment – Selected Industries NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Florida Employment – MSAs NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Florida Unemployment Declines COMMERCIAL REAL ESTATE NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Author: Marc Averette 2011 Global Investments Moderate NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Source: Real Capital Analytics China and U.S. Dominate Global Volume NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Market Volume ($Mil) Avg. Cap Rate NYC Metro 42,282 5.87% London Metro 34,875 5.69% LA Metro 25,650 6.25% Tokyo 25,260 5.63% Hong Kong 24,836 3.11% SF Metro 21,241 5.81% Shanghai 19,368 DC Metro 19,137 6.18% Singapore 18,996 4.77% Paris 16,718 6.35% Beijing 13,429 Chicago 11,522 7.00% Seattle 10,327 5.69% Chongqing 10,012 Chengdu 9,130 Houston 8,502 7.35% Wuhan 8,472 Moscow 8,447 Shenyang 8,399 Dallas 8,095 7.35% Source: Real Capital Analytics, 01/09/2013 Investors Favor Stability and Returns NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION Source: Real Capital Analytics Prices and Cap Rates NATIONAL ASSOCIATION OF REALTORS? RESEARCH DIVISION EMEA Asia Pacific Americas Price: USD/Sq.Ft. | Cap Rate: % | Office=Blue | Retail=Orange Source: Real Capital Analytics U.S. Commercial Fundamentals Commercial Real Estate Fundamentals continue stabilizing Demand grows Vacancy rates decline Rent growth positive Supply lags demand OFFICE 2012 2013 2014 Vacancy Rate 16.6% 15.9% 15.7% Net Absorption (000 sq. ft.) 21,732 49,011 53,235 Completions (000 sq. ft.) 12,735 30,924 38,633 Rent Growth 2.0% 2.5% 2.8% ? ? ? ? INDUSTRIAL 2012 2013 2014 Vacancy Rate 10.4% 9.7% 9.4% Net Absorption (000 sq. ft.) 93,410 89,569 91,328 Completions (000 sq. ft.) 25,522 56,188 76,022 Rent Growth 1.7% 2.2% 2.6% ? ? ? ? RETAI