JLL - 2015 Seattle State of the Market INVESTOR...
Transcript of JLL - 2015 Seattle State of the Market INVESTOR...
INVESTORSURVEY RESULTS
2015 Seattle State of the Market
Rank
Belltown / Denny Regrade
Pioneer Square / Waterfront
South Seattle
I-90 Corridor
How would you rank the following submarkets in terms of potential in 2015?
Office
Industrial
Multi-family
Retail
34%
21%
18%
7%
Which product type would be your first choice to purchase?
Do you anticipate purchasing more property in the Northwest in 2015 than in 2014?
YES82%NO18%
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2
3
4
On a portfolio basis, do you expect to be a net buyer or a net seller in 2015?
42% said Increase by 0 – 50 bp
8% said Increase by 50 -100 bp
1% said Increase by 100 – 150 bp
47% said Decrease by 0 – 50 bp
2% said Decrease by 50 – 100 bp
How much will cap rates increase/decrease?
79%NETBUYER
21%NET SELLER
Will cap rates be higher in 2015 than in 2014?
said Higher48%
said Lower52%
What is your prediction for long term debt rates over the next 12 months?
43% said interest rates will increase
48% said interest rates will remain flat
9% said interest rates will decrease
Where do you believe Seattle area values are compared to other major markets?
Are you concerned with the amount of new development?
Yes, it’s concerning 65%No, not worried 35%
58% 20%21%at peak over-pricedrelative
bargain
NOT UNTIL 2015 OVERALL, OUR CLIENTS ARE FEELING CAUTIOUSLY OPTIMISTIC ABOUT THE ECONOMIC OUTLOOK FOR 2015.”
Lori Hill - Managing Director JLL
In what quarter are you most likely to make your first acquisition?
2015
40%
31%
21%
2%
NOT UNTIL 2016
6%
Q1
Q2
Q3
Q4
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601 Union Street, Suite 1100, Seattle, WA 98101 tel +1 206 607 1700 fax +1 206 607 1701
225 108th Avenue NE, Suite 550, Bellevue, WA 98004 tel +1 425 974 4000 fax+1 425 974 4020
1 SW Columbia, Suite 550, Portland, OR 97258 tel +1 503 972 8000 fax +1 503 972 8001
joneslanglasalle.com