Despite three quarters of positive absorption, the last quarter of 2011 dipped into the negative absorption. Vacancy rates rose slightly to 8.8% in the fourth quarter, though were still down for the year. While there is perceived availability, quality flexible space continues to be transacted quickly as manufacturing remains strong in West Michigan.
1) Despite a slowing macroeconomic environment, industrial leasing activity has increased as users seek to lock in favorable lease terms for Class A space.
2) However, industrial demand is expected to soften over the next few quarters in line with slowing global growth and a faltering manufacturing sector.
3) The tight supply of Class A industrial space continues to drive down availability rates and put upward pressure on lease rates, fueling new construction activity across major industrial markets.
This document provides an agenda for a pre-conference workshop on in-store implementation performance management. The workshop agenda covers a situation review of challenges in the retail grocery industry such as flat profits and inventory issues. It then introduces the "DIMES" conceptual framework for the five senses of in-store - Demand, Items, Messages, Employees, and Shoppers. The rest of the agenda discusses tools and best practices for each of the five senses.
The December jobs report showed a mixed outlook for economic recovery. While the temporary jobs sector added 47,000 jobs for the fifth straight month, the overall unemployment rate remained at 10% with December job losses similar to the previous month. Some states saw increases in jobs while others had decreases. Experts believe job losses may stop in early 2010, but recovery will be gradual with some sectors gaining jobs and others continuing to lose positions. Many companies are turning to temporary or contract workers to scale their workforce according to changing business needs during the recovery.
This document is the cover of the October 2008 issue of Midwest DairyBusiness magazine. It highlights several articles in the issue, including one about successfully transitioning to new corn silage, ensuring teat health in changing seasons, and a new tool that may enhance forage quality management. Another article previews dairy's "ABCs" - the issues that defined the dairy industry in 2008 that will likely impact the character of the industry for years to come. These issues ranged from exports and the farm bill to labels on hormones and antibiotics to shrinking margins.
- Extra Space Storage is the second largest self-storage operator and largest self-storage management company in the US.
- The self-storage industry has high barriers to entry, low product differentiation, and lack of substitute products. It has shown high returns compared to other REITs and market resilience.
- The analyst recommends buying Extra Space Storage stock with a target price of $54.44, representing 29.2% upside from the current price based on valuation using NAV and FFO multiples.
Annie Williams Market Trends Aug-Sept 2014Jon Weaver
- Home and condo sales were down in San Francisco in July compared to the previous year. The median home price rose 20.6% to $1,073,500 while the median condo price grew 9.8% to $944,500.
- The local real estate market continues to struggle with low inventory. There are only around 240 homes currently on the market, which is less than one month of sales. The lack of inventory is hindering market activity.
- Mortgage rates rose slightly in August after comments from the Federal Reserve signaled the central bank may start raising rates sooner than previously expected. However, rates remain low historically and global economic uncertainties are keeping further increases at bay for now.
1) Real estate has long been an established investment class, providing returns from rental income and capital appreciation. However, it is not a liquid investment and requires careful timing to generate returns.
2) The article analyzes various indicators to determine if real estate is a wise investment currently, such as price-to-rent ratios, global real estate trends, and mortgage default rates.
3) While real estate prices often rebound after banking crises, on average it takes 6 years for full recovery. For long-term investors, real estate can still generate positive returns despite short-term volatility.
1) Despite a slowing macroeconomic environment, industrial leasing activity has increased as users seek to lock in favorable lease terms for Class A space.
2) However, industrial demand is expected to soften over the next few quarters in line with slowing global growth and a faltering manufacturing sector.
3) The tight supply of Class A industrial space continues to drive down availability rates and put upward pressure on lease rates, fueling new construction activity across major industrial markets.
This document provides an agenda for a pre-conference workshop on in-store implementation performance management. The workshop agenda covers a situation review of challenges in the retail grocery industry such as flat profits and inventory issues. It then introduces the "DIMES" conceptual framework for the five senses of in-store - Demand, Items, Messages, Employees, and Shoppers. The rest of the agenda discusses tools and best practices for each of the five senses.
The December jobs report showed a mixed outlook for economic recovery. While the temporary jobs sector added 47,000 jobs for the fifth straight month, the overall unemployment rate remained at 10% with December job losses similar to the previous month. Some states saw increases in jobs while others had decreases. Experts believe job losses may stop in early 2010, but recovery will be gradual with some sectors gaining jobs and others continuing to lose positions. Many companies are turning to temporary or contract workers to scale their workforce according to changing business needs during the recovery.
This document is the cover of the October 2008 issue of Midwest DairyBusiness magazine. It highlights several articles in the issue, including one about successfully transitioning to new corn silage, ensuring teat health in changing seasons, and a new tool that may enhance forage quality management. Another article previews dairy's "ABCs" - the issues that defined the dairy industry in 2008 that will likely impact the character of the industry for years to come. These issues ranged from exports and the farm bill to labels on hormones and antibiotics to shrinking margins.
- Extra Space Storage is the second largest self-storage operator and largest self-storage management company in the US.
- The self-storage industry has high barriers to entry, low product differentiation, and lack of substitute products. It has shown high returns compared to other REITs and market resilience.
- The analyst recommends buying Extra Space Storage stock with a target price of $54.44, representing 29.2% upside from the current price based on valuation using NAV and FFO multiples.
Annie Williams Market Trends Aug-Sept 2014Jon Weaver
- Home and condo sales were down in San Francisco in July compared to the previous year. The median home price rose 20.6% to $1,073,500 while the median condo price grew 9.8% to $944,500.
- The local real estate market continues to struggle with low inventory. There are only around 240 homes currently on the market, which is less than one month of sales. The lack of inventory is hindering market activity.
- Mortgage rates rose slightly in August after comments from the Federal Reserve signaled the central bank may start raising rates sooner than previously expected. However, rates remain low historically and global economic uncertainties are keeping further increases at bay for now.
1) Real estate has long been an established investment class, providing returns from rental income and capital appreciation. However, it is not a liquid investment and requires careful timing to generate returns.
2) The article analyzes various indicators to determine if real estate is a wise investment currently, such as price-to-rent ratios, global real estate trends, and mortgage default rates.
3) While real estate prices often rebound after banking crises, on average it takes 6 years for full recovery. For long-term investors, real estate can still generate positive returns despite short-term volatility.
Este documento presenta un plan de acciones para elaborar tutoriales institucionales sobre herramientas digitales. El plan busca crear tutoriales propios en lugar de usar videos de YouTube debido a problemas de atribución y credibilidad. Los tutoriales se crearán en tres meses utilizando recursos educativos abiertos y plataformas como Flipsnack y SlideShare. Los tutoriales se publicarán en el blog del profesor y en Blackboard para que los estudiantes puedan acceder fácilmente a ellos.
Este documento presenta una breve descripción de varios métodos para el diseño y evaluación de puestos de trabajo. Explica métodos como la descripción y especificación de puestos, la simplificación y ampliación de trabajo, el diseño basado en equipos y la rotación de puestos. También describe métodos de medición como los rasgos relativos, distribución forzada basada en factores y evaluación 360°, los cuales evalúan el desempeño del personal a través de la opinión de compañeros, subalternos, supervisores e in
The document discusses strategies for pulling an all-nighter to study for exams. It recommends keeping warm, drinking coffee to prepare, and eating protein-rich foods to nourish yourself during late-night studying. Ethnographic observations of students at the gym in the morning found that many appeared tired before and after working out as they prepared for exams by losing sleep.
Este documento presenta un trabajo de investigación sobre la importancia de la actividad física para la salud mental y física. Explica que la introducción definirá el tema, la tarea describirá el proceso, la evaluación detallará los criterios de calificación y la conclusión resumirá los hallazgos.
This document outlines a study of the mathematician Euclid and his contributions to the development of mathematics. It instructs students to collect information about Euclid's life, educational background, and achievements, with an emphasis on his concepts in geometry, contributions to number systems through the Euclidean algorithm and division, and works developing the theory of number systems. Students are asked to prepare a PowerPoint presentation highlighting Euclid's division algorithm and its applications to number systems.
V mesecu maju 2013 je Red Orbit organiziral Red Orbit Šejk Special Edition, ki je bil namenjen predstavitvi nove zakonodaje s področja upravljanja spletnih piškotkov.
Na dogodku je Boštjan Hozjan (Red Orbit) predstavil kaj sploh so piškotki, sledila je predstavitev nove zakonodaje, ki ji je predstavila Jelena Burnik iz pisarne informacijskega pooblaščenca RS, dogodek pa je zaključil Andraž Štalec, ki je predstavil dejanski pristop in ureditev implementacije piškotkov na spletnih straneh.
Red Orbit je edina slovenska marketinška agencija s certifikatom Google Certified Trainer.
Več o piškotkih in novi zakonodaji na http://blog.red-orbit.com/o-piskotkih-njihovi-uporabi-in-zakonu/
January 2010 Windermere Real Estate Sales Chartsguest80a43a
The document shows the market share of real estate companies in a local MLS based on listing and sales dollar volume in January 2010. The top company had 31% of the market share. The second highest was 20.2% and the third was 9.5%. The total dollar volume of all listings and sales was $245,054,257.
2009 No 13 Federal Reserve Assets Understanding The Pieces Of The Piesmullin2
The Federal Reserve has intervened in financial markets since 2007 through numerous programs that increase its holdings of various asset types. These assets can be grouped into three categories: 1) short-term lending to financial firms and markets totaling $1.19 trillion, which aims to provide liquidity; 2) rescue operations like Bear Stearns and AIG totaling $114 billion; and 3) operations focused on longer-term credit conditions like agency mortgage backed securities totaling $107 billion. Tracking both the size and composition of the Fed's balance sheet provides insight into the current state of credit easing measures.
As the Market Turns and Mortgage Rate Outlook - The Real Estate Report August...AMSI, San Francisco
The document provides an analysis of real estate market trends in San Francisco for July/August 2012. It finds:
- The real estate market has turned in favor of sellers, with rising home prices and low inventory putting pressure on buyers. The median home price rose 6.8% year-over-year.
- Home and condo sales momentum increased in July. However, inventory remains low, with only 234 homes and 337 condos currently for sale.
- Mortgage rates rose slightly in August but remain near historic lows, providing some support for the housing market. The overall economic recovery remains tentative but a worsening is not anticipated.
Article from Roberto Silvestri on ALIAS, (supplement of the daily newspaper IL MANIFESTO) for the Rotterdam Film Festival World Première of "Tthe Legend of Kaspar Hauser" starring Vincent Gallo.
Este documento presenta un plan de acciones para elaborar tutoriales institucionales sobre herramientas digitales. El plan busca crear tutoriales propios en lugar de usar videos de YouTube debido a problemas de atribución y credibilidad. Los tutoriales se crearán en tres meses utilizando recursos educativos abiertos y plataformas como Flipsnack y SlideShare. Los tutoriales se publicarán en el blog del profesor y en Blackboard para que los estudiantes puedan acceder fácilmente a ellos.
Este documento presenta una breve descripción de varios métodos para el diseño y evaluación de puestos de trabajo. Explica métodos como la descripción y especificación de puestos, la simplificación y ampliación de trabajo, el diseño basado en equipos y la rotación de puestos. También describe métodos de medición como los rasgos relativos, distribución forzada basada en factores y evaluación 360°, los cuales evalúan el desempeño del personal a través de la opinión de compañeros, subalternos, supervisores e in
The document discusses strategies for pulling an all-nighter to study for exams. It recommends keeping warm, drinking coffee to prepare, and eating protein-rich foods to nourish yourself during late-night studying. Ethnographic observations of students at the gym in the morning found that many appeared tired before and after working out as they prepared for exams by losing sleep.
Este documento presenta un trabajo de investigación sobre la importancia de la actividad física para la salud mental y física. Explica que la introducción definirá el tema, la tarea describirá el proceso, la evaluación detallará los criterios de calificación y la conclusión resumirá los hallazgos.
This document outlines a study of the mathematician Euclid and his contributions to the development of mathematics. It instructs students to collect information about Euclid's life, educational background, and achievements, with an emphasis on his concepts in geometry, contributions to number systems through the Euclidean algorithm and division, and works developing the theory of number systems. Students are asked to prepare a PowerPoint presentation highlighting Euclid's division algorithm and its applications to number systems.
V mesecu maju 2013 je Red Orbit organiziral Red Orbit Šejk Special Edition, ki je bil namenjen predstavitvi nove zakonodaje s področja upravljanja spletnih piškotkov.
Na dogodku je Boštjan Hozjan (Red Orbit) predstavil kaj sploh so piškotki, sledila je predstavitev nove zakonodaje, ki ji je predstavila Jelena Burnik iz pisarne informacijskega pooblaščenca RS, dogodek pa je zaključil Andraž Štalec, ki je predstavil dejanski pristop in ureditev implementacije piškotkov na spletnih straneh.
Red Orbit je edina slovenska marketinška agencija s certifikatom Google Certified Trainer.
Več o piškotkih in novi zakonodaji na http://blog.red-orbit.com/o-piskotkih-njihovi-uporabi-in-zakonu/
January 2010 Windermere Real Estate Sales Chartsguest80a43a
The document shows the market share of real estate companies in a local MLS based on listing and sales dollar volume in January 2010. The top company had 31% of the market share. The second highest was 20.2% and the third was 9.5%. The total dollar volume of all listings and sales was $245,054,257.
2009 No 13 Federal Reserve Assets Understanding The Pieces Of The Piesmullin2
The Federal Reserve has intervened in financial markets since 2007 through numerous programs that increase its holdings of various asset types. These assets can be grouped into three categories: 1) short-term lending to financial firms and markets totaling $1.19 trillion, which aims to provide liquidity; 2) rescue operations like Bear Stearns and AIG totaling $114 billion; and 3) operations focused on longer-term credit conditions like agency mortgage backed securities totaling $107 billion. Tracking both the size and composition of the Fed's balance sheet provides insight into the current state of credit easing measures.
As the Market Turns and Mortgage Rate Outlook - The Real Estate Report August...AMSI, San Francisco
The document provides an analysis of real estate market trends in San Francisco for July/August 2012. It finds:
- The real estate market has turned in favor of sellers, with rising home prices and low inventory putting pressure on buyers. The median home price rose 6.8% year-over-year.
- Home and condo sales momentum increased in July. However, inventory remains low, with only 234 homes and 337 condos currently for sale.
- Mortgage rates rose slightly in August but remain near historic lows, providing some support for the housing market. The overall economic recovery remains tentative but a worsening is not anticipated.
Article from Roberto Silvestri on ALIAS, (supplement of the daily newspaper IL MANIFESTO) for the Rotterdam Film Festival World Première of "Tthe Legend of Kaspar Hauser" starring Vincent Gallo.
1. Q4 2011 | INDUSTRIAL
WEST MICHIGAN
RESEARCH & FORECAST REPORT
Availability Not Painting True Picture
of Industrial Market
EXECUTIVE SUMMARY
The fourth quarter couldn’t maintain the momentum that the industrial market created over the course
of the year. The quarter was the first of the year to return negative absorption; however, the outlook
is still bright. As the commercial real estate market continues to adjust to a new economic reality, the
industrial sector seems less phased. West Michigan continues to be an example of how staying true
MARKET INDICATORS to one’s roots can help overcome obstacles, as manufacturing continues to stay strong in the area.
Even with businesses downsizing, merging, or closing doors, the industrial market saw more than
Q4 2011 Q1 2012*
422,000 square feet of competitive industrial space filled over the course of the year. Manufacturers
VACANCY
are increasingly looking towards West Michigan for answers to their real estate problems, a trend that
landlords and investors alike should be excited about.
NET ABSORPTION
Over the course of the second half of the year, the concentration of manufacturing jobs increased in
RENTAL RATE all but one of the six West Michigan metro areas, with an overall growth of 5.7%. A number of
companies are in the process of entering the market or expanding within it, something that we haven’t
CONSTRUCTION —
seen a whole lot of over the past couple of years. Industrial rental rates have firmed up quicker than
*projected other product types and landlords are now on stable enough footing to search for quality tenants. This
growth has created a divide in the market, however. Quality industrial space is so heavily sought after,
SUBMARKET MAP
that there simply isn’t enough of it to go around. Companies are looking for spaces that fit their
96
4 Mile Rd NW
4 Mile Rd NE specific needs, and functionally obsolete buildings that would need time and money to bring to
specification are receiving far less attention.
96
Knapp St NE
44
96
NW 131
Knapp St NE
NE
Pe
ttis
Leonard St NE Leonard St NE Av
eN
E
DTWN 196
45 45 196
96
E Fulton St E Fulton St
COMPLETIONS VS. ABSORPTION | QUARTERLY (in thousands of SF)
21
Hall St SE Ca
sca
196 96 de
Rd
11 44 SE
Dr
SW
500
“Despite three quarters
go
196 ica
Ch
Clyde Park Ave SW
28th St SW 28th St SE 28th St SE
11 11
Baldwin St
SW SE of positive absorption,
Breton Rd SE
36th St SE
196
Kalamazoo Ave SE
S Division Ave
Eastern Ave SE
44th St SW
131
44th St SE
Gerald R. Ford
96
the last quarter of 2011
250
Byron Center Ave SW
International
dipped into the negative”
Airport
52nd St SW 37
196 6
Industrial Submarkets
6
6 6 NW Northwest
68th St SE
NE Northeast
DTWN Downtown
SW Southwest
SE Southeast
76th St SE
0
-250
-500 Absorbed
4Q 09 2Q 10 4Q 10 2Q 11 4Q 11 Completed
www.colliers.com
2. RESEARCH & FORECAST REPORT | Q4 2011 | INDUSTRIAL | WEST MICHIGAN
Simply put, market perception continues to trail 37% decrease. We feel this statistic is an
VACANCY RATE market reality. There are a number of vacant important one that helps reveal how the market
Quarterly
spaces and many of them are becoming less and is reacting to current conditions.
10%
less competitive. The Northwest submarket of
Grand Rapids saw its vacancy rate rise by 40 Another useful measurement is average asking
basis points, while the Southeast submarket sale and lease prices. Industrial sale prices have
9% lowered its vacancy by 20 basis points, a sign increased more than 17% since the start of the
that the market is reacting differently based on year and nearly 22% since the end of the first
the quality of product available. quarter, bringing capitalization rates down as
8% well. Average asked lease rates have remained
4Q 09 2Q 10 4Q 10 2Q 11 4Q 11
CURRENT CONDITIONS relatively stable through much of the year, but
have clearly bottomed out and are looking to
Vacancy rose in the fourth quarter to 8.8%, trend back upwards. It is important to remember,
although it is down for the year from its 9.2% though, that these averages paint the market
ASKING RENTAL RATES starting place. Despite seeing an increase in picture with a single brush stroke, despite
Quarterly ($/SF/Yr. Triple Net) vacancy, overall activity picked up from last different segments of the market and different
$5 quarter. There were 31 sales in the marketplace industrial building types behaving very differently.
compared to 28 a quarter ago. Leasing velocity True market knowledge is as important as ever.
$4 picked up as well, growing from 42 leases last Creative solutions to real estate needs continue
quarter to 52 in the fourth quarter. Again, despite to push deals through the sludge of the economy.
$3 the perception of an abundance of empty In the fourth quarter, we saw Lumbermen’s,
buildings, good quality space that is flexible is Inc.’s needs filled by finalizing a deal to put them
$2 being transacted at an increased rate. into 200,000 square feet at 8715 Byron
4Q 09 2Q 10 4Q 10 2Q 11 4Q 11
Commerce Drive. To make this move happen,
R&D/Flex General Warehouse/ A useful metric for measuring the market is however, two existing tenants needed to be
Industrial Distribution average time a building or space is listed before relocated. Colliers then negotiated deals to move
being transacted. In 2009, this number was R.E.D. Stamp, Inc. into 46,000 square feet at
approximately 216 days. By the end of 2010, the 3800 Patterson and R.L. Plastic Inc. into 100,000
number had climbed to nearly 345 days; square feet at 7377 Expressway Drive. In total,
however, 2011 brought a reversal of this trend. nearly 350,000 square feet of industrial space
Spaces are being transacted at a quicker rate, was transacted, a deal with a lot of moving parts,
and thus the average time on market has since but one that was orchestrated using creativity
fallen back down to roughly 219 days, a nearly and market knowledge.
RECENT TRANSACTIONS
SALES ACTIVITY
PROPERTY ADDRESS SIZE SF SALE PRICE PURCHASER SUBMARKET CITY
3403 Lousma Dr. SE 12,080 $235,000 Fisk Reeds Re, LLC Southeast Wyoming
5633 52nd St. SE 56,990 $650,000 SSBB, Inc Southeast Grand Rapids
879 Productions Pl. 24,600 $587,500 LH Partners, LLC Holland - South Holland
11007 Chicago Dr. 39,200 $289,000 Square Foot Leasing, LLC Holland - South Holland
4909 Wayne Rd. 216,390 $850,000 Behnke Logistics, LLC Battle Creek FCIP/Airport Battle Creek
13401 New Holland St. 57,000 $325,000 NH Building IOT, LLC Holland - North Holland
5670 West River Dr. NE 44,264 $900,000 Rodriguez Investments, LLC Northeast Belmont
LEASING ACTIVITY
PROPERTY ADDRESS SIZE SF LEASE TYPE TENANT SUBMARKET CITY
5079 33rd St. SE 85,595 Relocation ATEK Medical, LLC Southeast Grand Rapids
11373 E. Lakewood Blvd. 13,692 Relocation Xact Industries, Inc Holland - North Holland
101 E. Roosevelt 15,000 Renewal - Expansion Outsource One, Inc Lakeshore - Zeeland Zeeland
4140 East Paris Ave. SE 152,700 Renewal X-Pedx (International Paper) Southeast Kentwood
1525 Gezon Pkwy. SW 12,000 New Deal United Logic, Inc Southwest Wyoming
12688 New Holland St. 50,053 New Deal J.R. Automation Technologies, LLC Holland - North Holland
5801 Weller Ct. SW 9,600 New Deal Honeywell International Southwest Wyoming
P. 2 | COLLIERS INTERNATIONAL