Andrew Jubelt

Andrew Jubelt is an experienced developer, owner and operator of commercial real estate including more than 10,000 multifamily and senior housing units. His experience includes over 25 years of financing, development, ground-up construction and property management of medium to large-scale projects nationwide.

As 2012 comes to a close, industry research suggests that commercial real estate investors are optimistic about the opportunities that will present themselves in 2013. According to a year-end survey of commercial real estate investors released by PwC on Dec. 19, respondents reported that they expect improved performance across all property sectors despite challenges such as the looming fiscal cliff.

“The commercial real estate industry continues to show its investment durability as assets command attractive spreads over fixed-income investments and offer more stability than stocks,” said Mitch Roschelle, partner and U.S. real estate advisory practice leader with PwC. “Most property sectors continue to post occupancy gains and rental rate growth.”

The report also noted that foreign investors are particularly bullish on commercial real estate in the United States as they look for stable investments during uncertain times. Lawrence Yun, chief economist with the National Association of Realtors, said the market has been slowly building momentum. “The economy is expected to grow 2.5 percent next year, and with modest job creation, assuming there is no fiscal cliff, the demand for commercial space will gradually rise,” he said.

NAR is projecting that retail vacancies are expected to ease from 10.8 percent in the fourth quarter to 10.6 percent in the fourth quarter of 2013. However, Roschelle said challenges remain with power centers due to rising Internet retail sales, merchant consolidations and an inability to easily shrink into urban streetscapes. In the apartment sector, survey participants said they expect that market conditions will continue to favor sellers.

The multifamily sector is projected to see vacancy rates decline slightly from 4.0 percent in the fourth quarter of 2012 to 3.9 percent in the fourth quarter of 2013. That level of demand justifies higher rents, according to NAR.

Securing the highest-level property management is of paramount importance. Rely on the qualified professionals such as Andrew Jubelt and Avant Capital Partners to refer you to the highest-caliber, experienced property managers in New York, New Jersey, Connecticut, Florida, Oklahoma, Illinois and Texas. 

Please contact Andrew Jubelt at (212) 23109779 or email Avant Capital Partners at info@avcapital.net to learn more.