MARKE T
TRENDS
International
Seek
Apartments
Buyers
2012
Industrial
Rent
Growth
5
4
I
4.3%
Asking rent growth
by facility size
3
In the past 15 months, international real estate
in
investors have sought security in the U.S. multifamil
ily market, according to Jones Lang LaSalle. Canad
dian investors have spent close to $3.2 billion in the
U
U.S. multifamily market, followed by Swiss ($698
m
million), Israeli ($407 million), British ($291 million), and Kuwaiti investors ($272 million). Overall,
international acquisitions totaled more than $300
million in each of these markets: Dallas, Houston,
New York, Chicago, and South Florida.
2
1.2%
1
0
< 100,000 sf
> 500,000 sf
Source: Prologis
1Q13 Commercial Loans
By property type, YOY change
Multifamily
Office
Retail
Industrial
Hotel
up 30%
down 6%
down 25%
up 2%
up 35%
Source: Mortgage Bankers Association
Manufactured Housing
2012 Sales Trends
YOY PRICE
CHANGE (%)
TRANSACTION
VOLUME CHANGE
(%)
East
18,100
↓12
↑28
Midwest
11,800
↓6
↑77
South
15,900
↑3
↑28
West
31,500
↑17
↑47
REGION
Source: Marcus & Millichap
6
July | August | 2013
Commercial Investment Real Estate
archideaphoto/Veer
MEDIAN SALES
PRICE PER UNIT
($)