Research Center
Spring Outlook for Multifamily is ‘More of the Same,’ Says Yardi Matrix
Yardi Matrix’s newest report forecasts a slight slowdown in rent growth despite continually strong demographic fundamentals.
Economy Watch: Uptick Ahead for the Economy?
Is there an improvement on the horizon for the U.S. economy?
Market Pulse for June 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units have oscillated in recent months. In March 2016, starts of buildings with five or more units fell by 8.5 percent to a seasonally adjusted annual rate of 312,000. Over the previous 12 months dating back to March 2015, these housing starts have risen on a monthly basis six times—March 2015, April, June, September, November and February 2016—while falling on a monthly basis in the other six months. However, using the three-month moving average to smooth the month-to-month volatility…
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Rent Growth
Rents were up 6.0%, which had fallen to 5.7% in March after peaking at 6.7% in October.
Economy Watch: Another Official Talks of CRE Froth
The Office of the Comptroller is pressing banks to tighten up loan terms to property developers, and toward that end recently reissued its guidance on how banks should approach CRE lending.
Economy Watch: Boston Fed Head Worries About CRE
Federal Reserve Bank of Boston president Eric Rosengren noted a number of things of interest to commercial real estate.
Economy Watch: Single-Tenant Retail Accounts for Most Growth in the Sector
Retail’s been the poor stepchild of the recovery in real estate, especially when it comes to development.
Five Cutting-Edge City Initiatives in Affordable Housing
We’ve identified five of the newest or most creative local initiatives to deliver more affordable housing units to the renters who need it.
Economy Watch: Apartment Fundamentals, Sales Still Solid
According to ABODO, apartment sales are up 33 percent.