Archives for Matthews REIS / Page 109

On June 24th, 2021 the Biden Administration announced a one-month extension of the CDC’s federal eviction moratorium through July 31st, 2021, originally scheduled to expire on June 30th, 2021. This extension was signed by CDC Director Dr. Rochelle Walensky, further preventing the eviction of tenants who are unable to make rental payments. More importantly, this […]

  As the second half of 2021 approaches, the CRE market gains further traction as the economy stabilizes and investors gain more clarity. Compared to previous recoveries, inflation is running hot. According to CoStar, headline inflation in May was up 0.6% over April, higher than expectations and boosting the year-over-year rate to 5%, the fastest […]

  Entering 2020 as one of the strongest retail markets in the country, Nashville benefits from years of population and economic growth. While fundamentals softened in 2020, the outlook for Nashville remains favorable. The absence of large move-outs has kept the market’s positive net absorption, despite the slowed leasing activity. In the last 12 months, […]

  South Los Angeles, formerly known as South Central Los Angeles, is located just south of Downtown Los Angeles and lies within most of the Los Angeles city limits. The Los Angeles Times maps South Los Angeles as a 51 square mile area, consisting of 25 neighborhoods within the City of Los Angeles as well […]

  The American Families Plan is the second part of President Joe Biden’s 10-year initiative, the counterpart to a $2.3 trillion infrastructure and jobs package, dubbed the American Jobs Plan. It is a $1.8 trillion economic proposal to support childcare, education, family leave, among other initiatives. It will be paid for by tax hikes on […]

How has the Nashville market faired in light of COVID-19? The Nashville market, like most, felt the adverse effects of COVID-19. The area most affected was hospitality, as tourism is an integral part of Nashville’s economy. The office sector was also drastically impacted by COVID-19, along with Nashville’s retail, particularly for privately owned businesses that […]

Phoenix remains one of the best-performing markets in terms of job growth. The metro experienced fewer COVID-19 job losses than other large U.S. metros, and with remote working widely adopted, many employees moved to Phoenix in search of affordability. According to CoStar, more than 200 people move to Phoenix daily, seeking a lower cost of […]

Why Florida Investment Activity is Heating Up As a destination hot spot, Florida sees heightened relocations from residents and companies. According to the New York Times, the sunshine state’s year-round “perfect weather” and relatively affordable cost of living have lured nearly 1,000 residents per day, specifically from New York, California, and New Jersey. The state […]

  Despite a year of economic hardship and uncertainty, the demand for multifamily housing hasn’t slowed down. According to the U.S. Census Bureau, overall construction spending is projected to reach $1.45 trillion in 2021, compared to $1.43 trillion and $1.36 trillion in 2020 and 2019, respectively. Many metros across the nation, like Phoenix, Dallas-Fort Worth, […]