The UPS Store is in a major expansion mode having leased and opened approximately 850 new retail store sites in the last two years.
This expansion by UPS brought the number of U.S. locations to 4100 store locations nationwide.
UPS is one of the wealthiest companies in the world (cash) with 2005 sales exceeding 42 billion. Nice tenant.
The top real estate market in the US, as reported by Kinglsley Associates, is Washighton, DC. Washington has lowest vacancy rates, good rental growth and good capital appreciation. London, UK lead Washington, however.
The top 5 US markets at the end of 2005 were Washington, New York, Los Angeles, San Francisco and San Diego. Philadelphia, Denver and Las Vegas also scored high.
Do you know the US city that boasts the #1 Air Frieght Tonnage Airport in the World? .... What airport is #2? Send us your guess!
At a recent CPN summit meeting the expert's consensus was that both domestic and international investors prefer US investment properties.
Many pension funds are still not fully invested in their real estate portfolios which indicates continued firm prices in the investment sector.
The market continues to require careful location selections and purchasing targets in a price range that will afford upside at disposition of the investment. Eh! So what's new?
A drop in the mortgage rates and a rise in consumer confidence helped stablilize both the confidence and market expectations of US home builders reports RISMedia.
The confidence level indicates that the majority of builders still see conditions as positive in their markets. Now let's see what the Fed thinks later this month.
There are multiple sites, data bases, associations, and organizations that maintain investment grade properties and listings and sites. The list grows...
Finding that certain investment target property you want takes some looking.
If you are busy with other things you like to do, it may not be convenient or possible to find what you need. It takes time to search some of these data bases. A Tax-deferred exchange may have you up against a deadline.
We can help find the investment you want. Just drop us an email....
Most commercial investment brokers have called attention to the rapid pace of investment sales in the US and most predict continued strong investment purchases in 2006. Leasing has been slower but now there are signs that retail, office and industial leasing is also picking up steam for '06.
The key sign is that effective rents (those actually achieved) have improved. Vacancy rates have started down in most markets which predicts stronger leasing (as well as investment values) this year.
In 2004 congress changed the depreciation schedule for leasehold improvements from 39 years to 15 years.....for one year only. The reduced depreciation schedule expired on 12/31/2005. The extension of that provision was part of a larger tax package that was not enacted into law before year end '05. Tax reconciliation is expected to be a high priority this year and the National Association of Realtors will fight for extension of the 15 year depreciation schedule provision.