With the first quarter coming to an end we have gathered a short list of what we believe are the Real Estate Industry Trends for 2013.  Let us know if you agree, disagree or see other issues which we missed.  Our list is not in any particular order and not intended to be comprehensive, just provocative.

  1. Urban development will be lead by projects utilizing tax credit financing as a project component;
  2. Healthcare and medical office space will be a desired investment;
  3. Existing home sales will tick up (5-7%);
  4. Retail leasing will remain strong as regional power centers continue to improve their tenant mix and tenant’s lock in rental rates ahead of the market;
  5. Adaptive reuse of former retail strip centers and empty big box retail space will continue to change the complextion of the suburbs;
  6. Infill in the urban cores will continue;
  7. Foreign buyers will continue to see U.S. real estate as a safe haven given the relative stability of the U.S. real estate market; and
  8. The regions of the country where shale gas and oil are being found will continue to explode with opportunitise in drilling, road construction, housing, services and more (south eastern Ohio; West Virginia, Pennsylvania, the Dakotas, New York).   

As we all know all real estate is local.  Market behavior in one market will not guaranty market behavior in other markets.

 

 

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Brad Kaplan

Brad assists Owners, Operators and Receivers of Hotel, Office and Industrial properties with their Real Estate, Finance, Leasing, Construction and Organizational challenges; specifically, negotiating and drafting hospitality, purchase, sale, financing, leasing, construction, franchise and management agreements. He has in the past and presently…

Brad assists Owners, Operators and Receivers of Hotel, Office and Industrial properties with their Real Estate, Finance, Leasing, Construction and Organizational challenges; specifically, negotiating and drafting hospitality, purchase, sale, financing, leasing, construction, franchise and management agreements. He has in the past and presently serves as general counsel and national real estate counsel to several domestic and internationally based public and privately held companies. Brad represents foreign businesses doing business in the United States and U.S. businesses doing business abroad; and is a former Chairman of World Services Group (www.worldservicesgroup.com) an international consortium of legal and other professionals. Brad has achieved the highest rating, AV Preeminent®, from Martindale-Hubbell®. He is an active member of the Illinois Bar and maintains an office in both the firm’s Cincinnati and Chicago offices. Brad is the editor of the Real Estate Advisor Law blog, a tool that highlights articles and observations of Ulmer & Berne attorneys on various trends and opportunities affecting the commercial real estate and construction industry, and is a frequent speaker on internet and social media issues.