Insights

Phoenix Industrial Market Report Phoenix Key Findings Past 12 Months | Source: CoStar Group The industrial sector in Phoenix is experiencing one of the largest supply waves in history, with around 38 million square feet in industrial deliveries over the past 12 months. Absorption levels increased to 11.7 million square feet during the same timeframe. […]

Austin Multifamily Market Report Market Overview Austin remains one of the fastest-growing metro areas in the country. That being said, growth in the city is beginning to cool in 2024. The city still benefits from favorable tax policies and  steady influx of new workers from the University of Texas at Austin. In 2021 and 2022, […]

Jacksonville Multifamily Market Report Jacksonville Key Findings Past 12 Months | Source: CoStar Group 2Q24 marked the strongest quarter for absorption in Jacksonville within the last 10 years as around 2,500 units absorbed. Rent growth has declined during 2024, and should recover in the 2% to 4% range during 2025. Downtown Jacksonville has experienced the […]

Buyouts, Bankruptcies, & Burgers Wendy’s Set to Close 140 Locations in Q4 Wendy’s plans to close a substantial number of outdated, underperforming restaurants across various markets nationwide. These closures will primarily affect locations with an average unit volume (AUV) near $1.1 million, resulting in slimmer operating margins. In the first nine months of 2024, Wendy’s […]

Trump Presidency Impacts on CRE Impact of Trump’s Election Win on CRE The 2024 election is finally complete, and Donald Trump is the president elect. The stock market and treasury markets have responded to the news quickly. Major indexes have risen between 2.5%-3.0% following the election victory. While the immediate boost of expectations associated with […]

Central Florida Multifamily Market Report Tampa Market Overview Tampa’s multifamily market is on the cusp of a historic number of construction completions. Around 10,500 units were completed over the first nine months of the year, surpassing the 8,200 units record set in 2022. The areas with the most significant amount of new construction, Pasco County […]

Denver Multifamily Market Report Market Overview Denver’s economy benefits from a diversified and highly educated workforce, making it one of the most expensive non-coastal cities in the U.S. The presence of aerospace and technology employers contributes to higher incomes, with the median household earning nearly $25,000 more per year than the national average. The metro […]

The Miami Hospitality Market Market Overview Miami’s rise as a major cultural and travel destination has been one of the most rapid in the U.S. Once an industrial hub, the city is now a top spot for visitors drawn by its world-renowned restaurants, nightlife, beaches, and music festivals. Leisure travel constitutes a significant portion of […]

Post-Election Fed Meeting Results in 25-Basis-Point Rate Cut On November 7, 2024, the Federal Reserve announced its second rate cut of the cycle. As a result, reducing rates by 25 basis points from 4.75%-5.00% to 4.50%-4.75%. This follows the committee’s decision to lower the overnight rate by 50 basis points in September. The impact of […]