Archives for Matthews REIS

Cleveland Multifamily Market Report Cleveland Key Findings With a rent growth of 2.8%, Cleveland ranks among the top 10 markets for rent growth nationwide. High demand is concentrated on upper-tier units, with 1,000 units absorbed during Q2 and Q3 2024. Downtown Cleveland leads in new construction, accounting for 35% of the market’s recent supply. By […]

State of the Market | Hudson County, New Jersey Trends, Challenges, and Opportunities | 2022-2024 The multifamily real estate market in Hudson County, New Jersey, has faced a dynamic landscape over the past three years. From fluctuating interest rates to evolving investor sentiment, here’s a comprehensive overview of the market’s performance from 2022 to 2024 […]

Timing the Market Predicting interest rate movements can feel like chasing shadows. September’s 50 basis point rate cut shocked the media, and without a crystal ball, predicting the future direction of rates is nearly impossible. Most recently, the Fed cut rates an additional 25 basis points in November and is most likely to cut rates […]

Tips for Preparing Retail Spaces for Smart Technology Implementation The retail property market continues to reconfigure for a future based around smarter use of technology. As such, new builds and redesigned shopping centers, and multi-tenant buildings down to single-tenant locations must be ready to accept and integrate new technology.    Despite some overambitious claims and […]

December Fed Meeting Update High-Level Recap The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points, largely inline with what investors were expecting at the meeting.  While downward moving rates bode well for lowering CRE lending costs, its likely the bond market and lending rates […]

Drugstore Overviews CVS Pharmacy Tenant Report CVS faces challenges and reboots strategy amidst declining profit margins In late 2021, CVS Health Corporation, grappling with declining profit margins and evolving consumer habits, announced plans to close approximately 900 of its U.S. stores over a three-year period starting in spring 2022. This strategic move is part of […]

Strong Retail Fundamentals Limiting Value-Add Opportunities, Boosting Outlook and Sales Trends for Most Retail Sub-Types Lack Of Available Space Discouraging Listings for Lower-Tier Centers Retail has successfully overcome the “Retail Apocalypse” narrative that dominated the 2010s, and has even improved its performance since the onset of COVID-19. While e-commerce is fully integrated into consumer habits, […]

How Complete Communities Will Solve San Diego’s Housing Crisis San Diego is at a crossroad, facing a pressing housing crisis and a shortage of 80,000 units. Enter Complete Communities—an ambitious urban planning initiative designed to reshape the city’s community landscape. Since its inception in 2020, San Diego’s “Complete Communities” initiative has undergone two modifications to […]

How the Fed is Responding Steady Gains and Cautious Optimism Key jobs reporting this past Friday (12/6), coupled with Powell’s recent comments last week, suggest a continued “wait and see” approach from the Fed as they remain cautiously optimistic about the economy’s current strength. Powell said on Thursday that the U.S. economy was “in remarkably […]