Insights
Multifamily Performance, CA Market Dynamics, & Investment Strategies
Federal Reserve | September 2024 Update
Federal Reserve Shifts Tone and Overnight Rate in September The Federal Reserve announced on Wednesday a 50-basis point cut to the federal funds rate, bringing the overnight rate to the 4.75%-5.00% range. While the Fed has successfully reduced the pace of inflation since Core PCE growth peaked in 2022, the Federal Reserve’s preferred inflation measure […]
3Q24 | Office Market Report | Palm Beach County, FL
Palm Beach County Office Market Report Palm Beach County Office Market Overview The Palm Beach County Office market is in a strong position as it is one of the wealthiest counties in Florida. The county has the fourth-highest personal income in the state, largely due to its high concentration of employees in the financial and […]
3Q24 | Shopping Centers Market Report | Miami, FL
Miami Shopping Centers Market Report Miami Retail Market Overview The influx of high-net-worth individuals and recovering international travel are boosting Miami’s resident and tourism spending. However, a lack of available retail space is slowing leasing activity, with 2.7 million SF leased in the past year, down from 3.5 million SF in late 2021. The availability […]
3Q24 | Multifamily Market Report | Dallas, TX
Dallas Multifamily Update DFW By the Numbers Asking Rent Growth: -1.3% Vacancy: 10.8% Deliveries for 2024: 38K Units Last 12 Months | Source: CoStar Group The Dallas multifamily market continues to demonstrate remarkable resilience and growth, making it one of the most dynamic apartment markets in the nation. With strong demand drivers and a significant […]
3Q24 | Industrial Market Report | South Texas
South Texas Industrial Market Report Laredo Market Overview The industrial segment in Laredo is notable for its access to international markets. It is positioned along the Pan-American Highway that begins in Panama and goes up to Canada. Laredo is also a port of entry between the U.S. and Mexico. The market’s strong position allows the […]
3Q24 | Hospitality Market Report | Tennessee
Tennessee Hospitality Market Report Nashville | Economy and Midscale Performance Overview Economy Inventory Rooms: 8,278 Under Construction: 126 Occupancy: 57.23% ADR: $70.23 RevPAR: $40.19 Price/Room: $55.4K Market Cap Rate: 9.61% Midscale Inventory Rooms: 6,971 Under Construction: 632 Occupancy: 65.84% ADR: $103.93 RevPAR: $68.42 Price/Room: $74.9K Market Cap Rate: 9.29% Last 12 months | Source: CoStar […]
3Q24 | Hospitality Market Report | Tampa, FL
Tampa Hospitality Market Report Tampa Market Overview The Tampa hospitality market has experienced a decline in RevPAR, driven by decreased demand and inventory growth, alongside a decrease in sales from higher rates and strict lending standards. Despite these challenges, growth from Tampa’s key demand generators, including city-wide conventions, passenger traffic, and sporting events, will partly […]
3Q24 | Industrial Market Report | Northwest Houston, TX
Northwest Houston Industrial Market Report Houston Northwest Inner Loop Submarket Overview The Northwest Inner Loop submarket is the second-largest industrial submarket in Houston. It has 63.7 million square feet of space, and has a strong location near the 610 Loop area. The location also contributes to the logistics presence here. Several manufacturers serve the industries […]
Rethinking the Drugstore Model
Top Three Trends Facing Drugstores Pharmacy on Demand For decades, chain drugstores thrived, expanding their reach and capturing a dominant share of the market. But the past four years have seen a shift. Facing a new online reality and competition from e-commerce giants like Amazon, Costco, and Mark Cuban’s Cost-Plus Drugs, chain drugstores have entered […]