Sun Belt dominates supply gain, accounting for two-thirds of the increase
Sun Belt dominates supply gain, accounting for two-thirds of the increase
Over the past five years, the national multifamily housing market added a massive amount of new supply, with total completions surging from 1.3 million to 1.8 million units.
After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate
Can New York rents be even more expensive? That's what some brokers predict after the New York City Council voted to ban the practice of tenants paying apartment broker fees even w...
Flex and specialized space vacancy rates are plateauing
The Washington area's industrial vacancy rate has increased over the past two years, reflecting a challenging landscape for property owners with available space. However, recent tr...
Retail and hospitality employment sectors collectively lost over 10,000 jobs year over year
Annual job growth dropped to just 0.3% for the Tampa Bay region, according to the most recent release from the Florida Department of Commerce, Bureau of Workforce Statistics and Ec...
Year-to-date leasing volume is 40% above pre-pandemic norms
While other industrial markets across Florida and the country have seen their industrial leasing volume fall, Fort Myers has maintained its impressive and historic pace set back in...
But shoppers are not deterred
Overall inflation as measured by the consumer price index, or CPI, remains sticky, according to the latest Bureau of Labor Statistics report.
Planet Fitness, Academy Sports, Marshalls expansions drive leasing
After a big drop to end 2023, retail leasing in Richmond, Virginia, has been stable through the first three quarters of 2024, though it remains below the peak volume of 2021-2022.
Rent growth, development push industrial values up 56% in five years
As population growth and a shift to online shopping have increased the demand for logistics space, Charlotte’s inventory of warehouses and distribution centers rapidly expanded. As...
Of the five P’s in the marketing mix, ‘price’ and ‘painless’ renewals drive Chicago’s office leasing velocity
Since Chicago’s office market investors have learned from past recessions, they now often prefer to offer generous free rent and tenant improvement (TI) packages in lieu of lowerin...
Declining construction levels point to persistent tightness in Milwaukee and Madison
The U.S. multifamily sector has seen record construction levels in recent years, with 600,000 units delivered in 2023 and an estimated 680,000 units forecast to be completed by the...
Retailers maximize space efficiency as retail sales per square foot, excluding e-commerce, automobiles and gasoline, hit record high
U.S. consumers remained resilient in October and increased spending at retail and food service establishments by 0.4% in October per data released by the U.S. Census Bureau. And in...
Annual new leasing volume increased by 50%
Demand for office space in San Francisco continued to rise in the third quarter of 2024, giving beleaguered landlords hope that the city’s fortunes may be regaining some luster.
Immediate yields are higher in every other US market
Thanks to strong market fundamentals and a contingent of wealthy local investors, Orange County's apartment acquisition yields — or the immediate returns expected on multifamily pr...
Multifamily developers still bullish on Norfolk City and Virginia Beach
Hampton Roads, Virginia, is on pace to hit a decade-high for apartment completions as the market's relative affordability and diverse economy continue to draw new renters.
Unemployment ticks up in October
San Diego’s unemployment rate ticked up to 4.7% in October from a revised 4.6% in September, according to the latest jobs report released by the Bureau of Labor Statistics. That wa...
Construction is limited in the California region
The medical office space market in California’s Inland Empire is thriving, with robust demand driven by ongoing population growth and boosted by a high proportion of retirees.
A softening construction pipeline will support tight market conditions over the near term
Apartment demand in Lexington, Kentucky, totaled roughly 230 units in the third quarter of 2024, making it the strongest third quarter since 2020.
Hoteliers can expect a warm holiday season ahead, kind of
Two significant changes will affect the travel and hospitality industry in the U.S. this holiday season.
Local headline inflation struggles to fall below the current 3.4%
The Philadelphia metropolitan area continues to experience notably higher inflation rates than the national average. The latest October 2024 figures show a 3.4% annual increase com...
While some Austin, Texas, neighborhoods drown in supply, areas near Washington, DC, thrive
While annual multifamily rent gains nationally held steady at 1.2% in the third quarter, wide variations have emerged in specific neighborhoods around the country.