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Investment sales activity has been in a “long steady migration” from big cities to small ones, with a greater amount of capital flowing into tertiary markets from primary ones.
In the early 2000s, 60% of all CRE deals were in gateway cities like Los Angeles, New York and Chicago. But by 2004, “the money started to move,” says Marcus & Millichap’s John Chang. “By 2007, major metros constituted half of the market. It shrunk to 40% by 2018 and primary markets now constitute just 33.8% of total deals.
Fed Chair Powell’s ‘Housing Reset’ Spreads to SFR, Multifamily, Land
On-Time Rental Payment Rates Underperform in Sun Belt Markets
Multifamily Has ‘Ample Leeway’ Before Vacancy Rates Approach Pre-Pandemic Levels
Berkadia Optimistic Apartment Deal Pause Will End After Labor Day
Griffin Realty’s $1.1B Office Deal Gives Sector Much-Needed Boost
Jack Rogers |
Company will reduce retail footprint by 16%, lay off 20% of workforce as its sales continue to crater.
Ingrid Tunberg |
GlobeSt. is seeking innovative experts that have made a noticeable impact on the industry through new and/or improved technology. Submit a candidate before October 5th!
Paul Bergeron |
Spending on necessities such as housing, food and energy is hurting all Americans.
eBook
Sponsored by essensys
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
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White Paper
Sponsored by Placer Labs Inc.
2022 Domestic Migration Trends
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
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Report
Sponsored by Rent.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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