CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Real Estate Alert Names Cushwake No. 1 in U.S. Raw Land Sales

9/24/2019
Real Estate Alert (REA), which offers weekly updates about risks and opportunities in the U.S. commercial property market, recently named Cushman & Wakefield No. 1 in U.S. raw land sales.

According to REA, Cushman & Wakefield led the way, brokering $1 billion of transactions with a 36.6% market share.

The ranking is based on sales of undeveloped land valued at $10 million or more. First-half activity puts the asset class on pace to exceed last year’s volume, which was 34% higher than in 2017. REA identified the sales of 90 properties that met the threshold and were closed by commercial real estate brokers, totaling over $2.7 billion.

The ranking excludes properties with any significant existing structures, including buildings that buyers intend to tear down for ground-up development. Also excluded are sales of stakes in pending or ongoing construction projects.

According to Terry Jackson, Land Advisory Group Lead, strong sales over the past few years has resulted in fewer opportunities to buy parcels with existing development entitlements in major markets. Investors are responding by turning their sights to “unentitled” land in cities with lower per-acre values.

“When there’s no [entitled] inventory left, the development community starts to buy land to entitle,” he said. “It is shifting where the activity is . . . Secondary and tertiary markets are where there are development opportunities that make financial sense.”

 

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS