Corfac News

22 092014

Take a few minutes to review the DLA Piper Survey.

If you don’t have time to read the entire report, CPExecutive has a great overview of the findings.

The steadily improving economy and flood of capital for investments are top reasons why 89 percent of commercial real estate executives responding to the 2014 DLA Piper State of the Market Survey said they are feeling bullish for the year ahead. That’s up from 85 percent last year and 30 percent from three years ago, following the recession.

In other findings, healthcare assets were named the most attractive investment sector, apparently ending the era of dominance for multi-family properties as the leading asset class.

The younger generation is also behind one of the big trends to emerge from the study this year: the rise of flexible and collaborative office spaces that the DLA Piper survey expects to “significantly shake up property markets.” The report found these open spaces, once a phenomenon of the technology workplace culture, have spread across the U.S. and are expected to become more prevalent.

For the first time, DLA Piper asked CRE executives whether crowdfunding would gain momentum and become a “significant source of commercial real estate investment” in the next three to five years. Nearly half, 45 percent, said they don’t believe it will be, but about 30 percent were neutral.

Read the entire CPExecutive article here:

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.