Fundamentals Rock Solid in Multifamily, Office Markets
Commercial real estate historically has been a cyclical sector, and eight years into a solid recovery, players are having trouble deciding whether to laugh at their good fortune or cry at the thought that prosperity is about to come to an end.
Economy Watch: SF, NY Remain Nation’s Priciest Rental Markets
Apartment rents continually rose over the course of 2017, but changes among specific markets varied greatly, according to a recent ABODO report.
Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.
2018 Top Mortgage Banking Firms
The 2018 CPE-MHN Top Mortgage Banking Firms survey once again featured a mix of diversified real estate companies and dedicated lending institutions.
Is Atlanta Approaching a Market Peak?
The metro’s development boom is not slowing down. Multifamily investments and deliveries showed signs of peaking by year-end, as roughly 8,700 units came online as of October 2017.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.
Baby-Boomers Impact on the Apartment Industry
The renter segment aged 55 and over increased by 28 percent, while renters under 34 years of age increased by only 3 percent between 2009 and 2015.
October 2017
A senior economist with the National Association of Home Builders (NAHB) supplied commentary and data about multifamily starts, price indices, existing condo sales and building materials.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for November 2017 in New York City.
Rent Growth
Despite the slight drop in overall rents, the year-over-year rate of growth increased to 2.5% nationwide in November, up 10 basis points over October. Overall rents are now $4 off their all-time high of $1,362, which was achieved in September.