Excerpts from Article: “Commercial real estate owners posted strong net operating income (NOI) growth last year. For the properties reporting year-end 2014 financials, NOI grew by 2.8% on average, compared to growth of 2.64% in 2013, according to Wells Fargo Securities.”
“If the growth rate holds among the remaining properties yet to report, it would mark the second highest level of NOI growth since the financial crisis, only falling short of the 3.43% NOI increase seen in 2012.”
“Examining the NOI data by property type, Wells Fargo found that hotel properties are showing the highest year-over-year growth at 11.93% in 2014, up from 7.67% in 2013 and 9.12% in 2012.”
“Overall office market fundamentals improved significantly in 2014 as office vacancy decreased to 11.3%, from 11.9% in 2013.”
“The overall Retail Index posted a 13.9% increase in 2014, the most impressive gain among the four major property types, as pricing ramped up in response to improving market fundamentals.”
Citation and Link: Heschmeyer, Mark 27 May. 2015. “Property Owners Reporting Strong 2014 NOI Gains,” CoStar Group, 28 May. 2015 http://www.costar.com/News/Article/Property-Owners-Reporting-Strong-2014-NOI-Gains/171926
Picture Citation and Link: “Greater Gainseville Real Estate.” 5 Jan.2015. “http://haileplantationrealestate.com” 28 May. 2015. http://haileplantationrealestate.com/gainesville-real-estate/gainesville-home-sales-prices-increased-3-85-in-2014/