Insights
Central Impacts of Trump Presidency on CRE
Q3 2021 Multifamily Market Report | Miami, FL
Miami-Dade County is one of the ten largest in the U.S. by population. The market sees surging demand, rent growth, and net absorption in 2021, following a virtually inactive 2020. In the last 12 months, 14,000 units have been absorbed, pushing vacancies to 3.7 percent. Rent gains are considerable, growing 14.7 percent year-over-year. Miami […]
Matthews™ Capital Markets Rate Sheet | October
It has now been 19 months since COVID-19 was declared a national emergency in the United States. The media continues to paint the picture that there is no end in sight for the pandemic and forecasters are incorporating the longevity of the health crisis into economic projections. This is downshifting the market outlook. According […]
It’s a Landlord’s Market
Rents have increased 11.5 percent year-over-year, according to Bloomberg, making it increasingly difficult to for low-income tenants to afford rent. Apartment List reported that each one of the nation’s top 100 largest metros have seen increased rents month-over-month for the last five months. Rent spikes are most prominent in places like the Phoenix metro or […]
International Tea Importers Sells Commerce Properties for $17.5 Million
Two industrial properties in Commerce have sold for $17.5 million. The properties are located at 2140 Davie Ave. and 5830 Triangle Drive. Longpoint Realty Partners purchased the sites in a sale-leaseback transaction, where the seller immediately leases back the property from the new owner. These types of arrangements give the seller a cash infusion […]
Demand Rises for Convenient, Quality and Affordable Retail in Cleveland
In nearly every major metro in the Midwest, the most active retailers expanding, leasing or developing involve grocers, discounters and drive-thru tenants. Most of the activity in the Midwest is reflective of the broader trend in shifting consumer demands, away from wants and more toward needs and services. Discount retailers It’s no surprise […]
To Evict Or Not To Evict? What Comes Next For SoCal Landlords?
California’s statewide eviction moratorium expired last week, but residents of Los Angeles county may still be protected against eviction proceedings if they are unable to pay rent due to hardships caused by Covid-19. As a result, many LA landlords are wondering what will come next and how they can best proceed. Should they keep their current tenants, even if […]
Drive-Thrus | The Future of Off-Premise Sales
Drive-thrus remain a prevalent method for revenue during a time of uncertainty. Though drive-thrus were more commonly associated among fast-food chains, drive-thrus quickly became a retail staple amid the COVID-19 pandemic. With several companies hunting for locations with drive-thru capabilities, there is no shortage of demand. Though leasing activity slowed across the nation during a […]
Eviction Moratorium Extended in Los Angeles
The temporary eviction moratorium in California ended September 30th, 2021, but Los Angeles County has extended commercial tenant protection to January 2022 and residential protection in the City of Los Angeles to October 2022. This applies to financially burdened tenants due to the COVID-19 pandemic, though landlords can still evict tenants for other reasons, like […]
How Pragmatism Will Get Your Financing Deal to the Finish Line
Matthews™ knows the key factors that ensure a real estate project will secure funding Location, return profile and quality of sponsorship. Those are the three characteristics that can make or break every real estate financing deal, according to Jay Soave, First Vice President, capital markets division at Matthews Real Estate Investment Services—and he […]