| The pace of job formation during the first quarter continues to raise questions regarding the depth and breadth of the nation's economic recovery. An average of 157,000 new jobs were created each month, down from the monthly average of 181,000 during 2004...
Office
The US office sector has managed to record positive net absorption for six consecutive quarters, and modestly falling vacancy for three quarters, but investors have been waiting for the third leg in the recovery's tripod: rent growth...Finally, we can report that the momentum in the office leasing market is sufficient to allow the average owner to ask for, and in many cases receive, higher rents...
To read more of the 1Q2005 Office First Glance report, click here.
Apartment
In recent quarters the two forces that have exerted the most substantial drag on U.S. apartment markets--historically low interest rates leading to record home ownership, and sluggish job formation--have lessened, if not entirely abated. The favorable impact on the apartment sector registers clearly in Reis's data...
To read more of the 1Q2005 Apartment First Glance report, click here.
Retail
Rising oil prices have been a background theme of our analysis of the U.S. retail market since early 2003; this quarter, with the gasoline pump looking more and more like a one-armed bandit, oil prices move to the foreground as an obvious siphon of discretionary dollars that might otherwise have been spent in the nation's retail stores...And yet, shopping center landlords...have yet to feel the pinch that is being suffered by their tenants...
To read more of the 1Q2005 Retail First Glance report, click here. |
