Ten-X Commercial’s monthly pricing index, which combines Google Trends data, proprietary transaction data, and investor surveys to indicate CRE pricing trends in real time, revealed that commercial real estate pricing rose 0.5% in March, the index’s second consecutive monthly gain. Despite the March pricing uptick, the Ten-X CRE Nowcast now stands a meager 0.7% higher than a year ago, just 30 bps above its historic low.
Ten-X Chief Economist Peter Muoio says “After nine consecutive months of contraction, the pricing gains in February and March indicate that investor sentiment has begun to bounce back. While it is too soon to say how long this upward trajectory will last, it is encouraging that the market responded positively, even as the Federal Reserve confirmed another rate hike and equity markets roil with uncertainty.”
Other key Nowcast findings: – Hotels bounced back from two straight months of decline, climbing 1.6% in March, the strongest increase of any property segment – Office continued its saw-tooth pattern, climbing 0.8% in March, after a 0.3% decline in February – Pricing in the apartment sector edged up 0.2% in March – Retail edged up yet again, increasing 0.2% in March, despite the sector’s oft-repeated challenge of consumers’ move to online shopping – Industrial reversed its impressive February gain, and posted a 0.5% decline in March
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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