SLIDE 1
- J. Scott Adams, CCIM
DIS CUS S ION TOPICS
NATIONAL REGIONAL LOCAL
Investment Market Review J. Scott Adams, CCIM President, Mid-South - - PowerPoint PPT Presentation
Investment Market Review J. Scott Adams, CCIM President, Mid-South - - PowerPoint PPT Presentation
Investment Market Review J. Scott Adams, CCIM President, Mid-South Region CBRE Hampton Roads DIS CUS S ION TOPICS NATIONAL REGIONAL LOCAL NATIONAL U.S. CAPITAL MARKETS VOLUME: +22.4% IN 2015 Billions $500 $450 $400 $350
SLIDE 2
SLIDE 3
U.S. CAPITAL MARKETS VOLUME: +22.4% IN 2015
NATIONAL
$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 2010 2011 2012 2013 2014 2015
Billions Source: Real Capital Analytics (Includes sales $2.5 million or greater for office, industrial, retail and multifamily assets.)
SLIDE 4
NATIONAL
U.S. INVESTMENT RETURNS: 13.3% IN 2015
13.1 14.3 10.5 11.0 11.8 13.3 2 4 6 8 10 12 14 16 18 20 2010 2011 2012 2013 2014 2015
Source: CBRE Research, NCREIF, All returns are reported on an unleveraged basis. %
SLIDE 5
NATIONAL
U.S. JOB GROWTH: OVER 2.7 MILLION JOBS IN 2015
500 1,000 1,500 2,000 2,500 3,000 3,500 2010 2011 2012 2013 2014 2015
Source: Bureau of Labor Statistics, U.S. Department of Labor Thousands
SLIDE 6
NATIONAL
THE “ PRIMAR Y MARKETS” OF THE U.S.
CHICAGO BOS TON NEW YORK WAS HINGTON, D.C. S AN FRANCIS CO LOS ANGELES PRIMARY OTHER CBRE LOCATIONS
SLIDE 7
NATIONAL
SIX PRIMAR Y MARKETS: 46.2% OF 2015 CAPITAL
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 NY LA SF DC CHI BOS
billions Source: Real Capital Analytics (Includes sales $2.5 million or greater for office, industrial, retail and multifamily assets.)
SLIDE 8
SIX LEADING SECONDAR Y MARKETS IN REGION
REGIONAL
NAS HVILLE RICHMOND CHARLOTTE MEMPHIS REGIONAL MARKETS OTHER CBRE LOCATIONS HAMPTON ROADS RALEIGH
SLIDE 9
REGIONAL
SIX REGIONAL MARKETS: 3.7% OF 2015 CAPITAL
$0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 RAL CLT NSH MEM RIC HR
billions Source: Real Capital Analytics (Includes sales $2.5 million or greater for office, industrial, retail and multifamily assets.)
SLIDE 10
REGIONAL
SIX REGIONAL MARKETS: JOB GROWTH PROJECTIONS
0.0 0.5 1.0 1.5 2.0 2.5 3.0 RAL MEM RIC CLT NSH HR
Source: CBRE Econometric Advisors (Growth projected over the next 2 years.) %
SLIDE 11
LOCAL
TOP 2015 S ALES BY PROPERTY TYPE
MULTI-F
AMIL Y
RETAIL OFFICE OFFICE/ FLEX INDUS
TRIAL
SLIDE 12
2015 Top Sales
Multifamily
RADIUS 252 UNITS NEWPORT NEWS $42.0 M
SLIDE 13
2015 Top Sales
Multifamily
HERITAGE AT FREEMASON HARBOUR 185 UNITS NORFOLK $36.7 M
SLIDE 14
SETTLERS MARKET 243,463 SF WILLIAMSBURG $61.2 M
Retail
2015 Top Sales
SLIDE 15
COLUMBUS VILLAGE 65,000 SF VIRGINIA BEACH $21.9 M
Retail
2015 Top Sales
SLIDE 16
Office
LIBERTY PROPERTY TRUST PORTFOLIO 1.32 MILLION SF MULTIPLE LOCATIONS $110.3 M
2015 Top Sales
SLIDE 17
Office
THE CONCOURSE AT NORTHAMPTON 315,000 SF NORFOLK $56.8 M
2015 Top Sales
SLIDE 18
Flex
THE OCEANEERING BUILDING 153,894 SF CHESAPEAKE $30.0 M
2015 Top Sales
SLIDE 19
Flex
NORFOLK COMMERCE CENTER 331,883 SF NORFOLK $24.3 M
2015 Top Sales
SLIDE 20
Industrial
111 & 112 LAKE VIEW PARKWAY 143,130 SF SUFFOLK $42.8 M
2015 Top Sales
SLIDE 21
Industrial
300 & 500 WEST PARK 515,486 SF HAMPTON $34.3 M
2015 Top Sales
SLIDE 22
FINAL THOUGHTS
Continued improvement in property fundamentals Slightly higher interest rates – but cost still favorable on a
historical basis
Debt capital remains widely available Relatively stronger returns than most other asset classes Pace of growth in investment volume and competitiveness
- f capital still may moderate in 2016
SLIDE 23
E.V. Williams Center for Real Estate
2088 Constant Hall Norfolk, VA 23529 www.odu.edu/business/center/creed