Archives for Matthews REIS / Page 27

Good Cause Eviction in New York City A recent law passed in New York City has significant implications for multifamily property owners, especially those dealing with unregulated apartments. The law, known as Good Cause Eviction (GCE), was passed on April 20, 2024, and is already in effect. The following provides insights from attorney Alexander Fotopoulos, […]

Changes to the Los Angeles Mansion Tax and Measure ULA Los Angeles’ famed “Mansion Tax” was a misnomer from the beginning. The city’s property transfer tax, officially known as the ULA Tax, was introduced as part of Measure ULA to fund more affordable housing programs and provide resources to tenants at risk of homelessness. But […]

Q1 Jacksonville Industrial Market Report Jacksonville By The Numbers | Past 12 Months | Source: CoStar Group Vacancy Rate: 4.1% Rent Growth: 9.5% Deliveries SF: 5.1M Absorption SF: 4.1M Sales Volume: $668M Cap Rate: 6.8% Submarket Overview Jacksonville’s economy has proven resilient in recent years, maintaining a low unemployment rate of 3.3% as of February […]

Q1 Denver Multifamily Market Report Market Overview The Denver multifamily market is managing to stabilize demand levels in the face of one of the most active multifamily pipelines in the country. Class-A apartments continue to attract renters who can absorb higher costs, driving demand in the larger market encompassing various types of rental properties. The […]

Savannah Multi-Tenant Retail Market Report Market Overview With a strong local economy characterized by population growth and tourism, Savannah’s retail market remains a significant interest for investors. The leisure and hospitality sector, employing approximately 15% of the labor force, plays a significant role in Savannah’s economy, with tourist spending exceeding $3 billion. Savannah’s economy has […]

Q1 Augusta Multi-Tenant Retail Market Report Market Overview The Augusta economy relies heavily on government enterprises, particularly Fort Gordon and the U.S. Army Cyber Center of Excellence, which together support over 25,000 workers. Private-sector employment expansions, like those from e-commerce giants such as Amazon, offer growth to capitalize in the market. The Augusta retail market […]

Northwest Houston Industrial Market Report Houston Northwest Inner Loop Submarket Overview The Northwest Inner Loop submarket stands as Houston’s second-largest industrial submarket, boasting 63.7 million square feet of inventory, strategically positioned near the 610 Loop urban core, and accessible via major highways like I-10 and Beltway 8. Despite challenges such as expensive land and limited […]

Gilbert & Chandler Retail Market Report Gilbert Submarket Overview The Gilbert retail submarket, nestled within Phoenix’s East Valley, thrives as a rapidly expanding and affluent sector. With a highly educated population, the area continues to attract prestigious employers across sectors such as health, technology, finance, and advanced manufacturing. Major companies like Deloitte, Northrop Grumman, and […]

Navigating Hotel PIPs For hotel owners, embracing a property improvement plan (PIP) may initially seem financially challenging, especially given today’s market uncertainties, high construction costs, increased interest rates, and labor shortage. However, PIPs serve as a valuable opportunity to reassess the hotel’s overall strategy and help chart a course of action toward enhanced profitability – […]