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Real Estate Recovery Led by Large Corporate Users in Gateway Markets

The U.S. industrial property sector has experienced steady growth, thanks to an uptick in leasing from heavyweight corporates, according to Jones Lang LaSalle’s third quarter North America Industrial Outlook report.

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BOMA Applauds Passage Of Critical Tax Legislation

BOMA International applauds Congress’ recent passage of the $859 billion tax bill, which includes provisions that will strengthen commercial real estate and economic recovery.

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Construction Costs to Decline Further in 1st Quarter

The Turner Building Cost Index, which measures non-residential building construction costs in the U.S., has decreased by 0.5% from the Fourth Quarter 2009 and decreased 7.74% from the First Quarter 2009.

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New Commercial Property Index Reveals Negative Capital Growth

According to the IPD U.S. Annual Property Index, capital growth was -12.2% in 2008. For the 12 months to the end of December 2008, all property income return in the U.S. was 5.4%, contributing to an overall total return of -7.4%.

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