Jake Stauber

CoStar Group reports, over the past two years, the U.S. #multifamily market has seen unprecedented supply additions, reminiscent of the mid-1980s. However, demand has lagged behind supply for 11 consecutive quarters, pushing the #vacancy rate from a record low of 4.8% in Q3 2021 to 7.9% in June 2024. During this period, 1.5 million rental units were completed, while absorption totaled 820,000 units. In the top 50 U.S. markets, #Austin and #Dallas-Fort Worth lead with the highest excess supply. The #SunBelt region, which added nearly 40% of new multifamily units, dominates the top 15 markets. However, many markets, like #Nashville, show manageable levels of overhang and could see vacancy rates stabilize by 2026. Conversely, some major markets like #Chicago, #OrangeCounty, and #SanJose have little to no overhang and vacancy rates below pre-pandemic levels. These markets maintained steady construction pipelines, avoiding the overbuilding seen in the Sun Belt. Read more: https://bit.ly/3ZpR78u #MarketRent  #RealEstate #MultifamilyMarket #HousingSupply #VacancyRates #RealEstateTrends #MarketInsights #SunBelt #PropertyInvestment #HousingDemand #EconomicForecast 

6

1 Comment

The NAIOP CRE Sentiment Index for Fall 2024 is 56, indicating that respondents expect conditions for commercial real estate to improve over the next 12 months. Read the full report: https://ow.ly/uOPT50TMYph

17

In today's competitive commercial real estate market, it's crucial to optimize your CRE portfolio. Join us in this informative video as we explore the 3 R's of CRE™: Right-Sizing, Renegotiation, and Relocation. Learn how to leverage these strategies to your advantage and make informed decisions when it comes to leasing new space, renewing your existing locations, or relocating to more business friendly areas. #CRE #3Rs #TenantRep #TenantTips #CorporateRealEstate #Video #Office #Industrial https://hubs.li/Q02tjJhS0

1

In today's competitive commercial real estate market, it's crucial to optimize your CRE portfolio. Join us in this informative video as we explore the 3 R's of CRE™: Right-Sizing, Renegotiation, and Relocation. Learn how to leverage these strategies to your advantage and make informed decisions when it comes to leasing new space, renewing your existing locations, or relocating to more business friendly areas. #CRE #3Rs #TenantRep #TenantTips #CorporateRealEstate #Video #Office #Industrial https://hubs.li/Q02DyqwP0

2

Public incentives and private angst are combining to drive dozens of New York City office-to-residential conversions past the planning stages. Read the story: https://lnkd.in/eeE7ttra #RealEstate #CommercialRealEstate

1

As post-pandemic factors reshape real estate, the multifamily sector faces unique pressures. Managing Director Robert Raymond, Senior Director Laura McLeod and Senior Consultant Chris Lung break down these pressures and explore the trends that could impact multifamily markets in the coming year. Read more here: https://bit.ly/4e3hdBz. #Multifamily #RealEstate #ExpertsWithImpact #FTIConsulting

3