Appraisal Institute News

Jan 26, 2022 08:30 AM

Office Sector Now Reporting More Expansion than Contractions: CBRE

Companies are expanding their current offices or relocating to a better space within their market rather than renewing an expiring lease, according to CBRE’s new office leasing report, MBA NewsLink reported Jan. 17. Office expansions are up 24% in the six major markets featured in the report and relocations are up 33%; contractions, meanwhile, are down 5%.

Jan 20, 2022 08:00 AM

New Appraisal Institute Dictionary Updated to Advance Appraisers’ Knowledge

“The Dictionary of Real Estate Appraisal,” seventh edition, published this week by the Appraisal Institute, is a landmark text that reflects the depth and breadth of appraisal knowledge. Each entry, definition and reference has been painstakingly researched and designed to express an expert understanding of issues that currently impact the profession.

Jan 19, 2022 08:30 AM

Inflation at 40-year High, Rates Could Rise: Labor Report

Consumer prices increased 0.5% in December causing inflation to reach its highest level in nearly four decades and creating an expectation that the Federal Reserve will raise interest rates as soon as March, according to a Labor Department report released Jan. 12, Reuters reported. Rents showed some of the largest increases, up 0.4% for the month and 4.1% for the year.

Jan 19, 2022 08:30 AM

Smaller Beats Bigger in Small-cap CRE Space: Data

Smaller markets outperformed larger ones in the small-cap commercial real estate space, with price growth in smaller markets up 13.2% for the year compared with 12.3% price growth in larger markets, according to Boxwood Means, MBA NewsLink reported Jan. 12. Top secondary market include Wilmington, Delaware; Hartford, Connecticut; and Springfield, Massachusetts.

Jan 19, 2022 08:30 AM

CRE Price Growth Up Last Year; 2022 Could See Double-digit Increases, Index Shows

Commercial property prices increased 24% in 2021, with significant price increases in nearly every sector, and especially strong showings in the multifamily and industrial sectors, according to the Green Street commercial property price index, MBA NewsLink reported Jan. 11. Property price growth for 2022 is not expected to match last year’s but could still achieve double-digit increases.

Jan 13, 2022 08:30 AM

Single-tenant Net Lease Cap Rates Up: The Boulder Group

Cap rates in the single-tenant net lease sector increased slightly during the fourth quarter to 5.88% for retail and 6.77% for industrial, while net lease office remained unchanged at 6.80%, according to the Q4 2021 Net Lease Market Report released Jan. 6 by The Boulder Group. A limited supply of properties primarily drove the increase.

Jan 13, 2022 08:30 AM

State Attorneys General Target FHA Loan Violations

Attorneys general from 20 states have accused mortgage servicers employed by Federal Housing Administration-approved lenders of failing to properly implement loan modification options, including options to reduce principal and interest, that the agency introduced in July, according to a Dec. 21 letter sent to the Department of Housing and Urban Development, HousingWire reported Jan. 5.

Jan 13, 2022 08:30 AM

Nation’s Large Office Markets Stable and Active, Boston Tops for Leasing: CBRE

The nation’s 12 largest office markets showed stability toward the end of 2021, with normal levels of leasing activity despite uncertainty about COVID-19, according to CBRE’s Pulse of U.S. Office Demand survey, MBA NewsLink reported Jan. 4. The most active markets were Boston; Dallas-Fort Worth; Los Angeles; Manhattan; and Washington, D.C.

Jan 07, 2022 08:30 AM

Restaurant Valuation Requires Diligent Highest and Best Use Analysis: The Appraisal Journal

Appraisers who value restaurant properties should fully understand the opportunities and risks inherent in restaurant operations and how these factors affect real property value, according to an article published this week in The Appraisal Journal.

Dec 28, 2021 08:00 AM

Pledger M. (Jody) Bishop III to Become President of Appraisal Institute on Jan. 1

Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, of Mt. Pleasant, South Carolina, will begin his one-year term as president of the Appraisal Institute on Jan. 1.