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Commercial Real Estate 2021 Year In Review

By December 17th, 2021No Comments

COMMERCIAL REAL ESTATE 2021 YEAR IN REVIEW

According to a recent article by Forbes, Commercial Real Estate markets in 2022 will likely see further improvement as the economy continues to recover. Here are a few of Madison Commercial Properties key takeaways:
 
CRE Transaction Volumes, Property Prices, and Cap rates:
Transaction volumes through November of 2021 rose 64% compared to the same period in 2020. Industrial and apartment properties increased more than 30% above 2019 levels. Transactions in the office and retail market lagged. CoStar reported the prices of industrial and apartment properties rose at a double-digit rate through the third quarter of 2021. Cap rates remain low consistent with low-interest rates.
 
Apartment and Housing Markets:
During the pandemic, people wanted more living space considering they were working and studying from home which has propelled both ownership and rental markets to record highs.
 
Self-Storage:
The star performer throughout the pandemic has been self-storage REITs. The reason why is that home purchases are accelerating the demand for storage coupled with a strong housing market. Funds from operations were 42% higher in Q3 of 2021 than before the pandemic.
 
Return-to-Office:
According to the Labor Department’s monthly employment report, it shows that millions of employees are returning to the office each month, while many employers are still embracing a flexible work-from-home model.

You can find the complete article by clicking the button below.

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Source: Forbes.com

Wingate By Wyndham Hotel Sells for $8,100,000

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Retail Strip with Shell Gas Station and Car Wash Sells for $3,480,000

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Two Denver Industrial Properties totaling 11,338 SF Sells for $2,200,000

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4,700 SQ/FT. Single-tenant Office Building Sells for $1,350,000

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Madison Commercial Properties would like to send a special thank you to all of our referral partners. We sincerely appreciate the trust you put in us to manage your clients commercial real estate needs.

Madison Commercial Properties offers
a generous 25% referral fee to all residential agents who refer a deal to our team that successfully closes. You may not have all of the answers to questions about commercial real estate, but you know someone who does at Madison Commercial Properties. To learn more about our referral program or become a referral partner with Madison Commercial Properties, please contact us today.
Thanks again from all of us at Madison Commercial Properties! We look forward to another amazing year!
We wish you all a wonderful and safe holiday and a Happy New Year!
See you in 22′.