Category: commercial real estate
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The Economy, now and looking into the crystal ball…
This article and the research results were co-authored by Chartr and Rocket Mortgage. You can click on either link above to visit those companies. Through the looking-glass A recent Harris X Guardian poll made for some striking reading for those of us…
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Tampa’s High-End Multifamily Market’s Vacancy Rate Expected To Hit All-Time High
Thousands of Units Have Been Completed in Past Year By Michelle RumoreCoStar Analytics May 22, 2024 | 12:41 P.M. The Tampa multifamily market has seen a flurry of development over the past few years as developers have looked to tap into…
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Florida Governor Signs Beefed Up Live Local Act
Legislation Takes Immediate Effect, Now Includes Condos, Some Neighborhood Protections Florida Gov. Ron DeSantis has signed a bill that amends the state’s Live Local Act that passed last year with clarifications around density, height and zoning requirements. (Getty Images) By Joshua…
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Stocks’ recent win streak
Last week stocks made their longest weekly gain since February with the Dow closing above 40,000, a fresh new record, and the S&P 500 hitting 5,300. Strong first quarter earnings and early signs that inflation is cooling have sent stocks…
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When you build “luxury” new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points — even in the lowest-priced Class C rentals.
“In Florida — which continues to make itself a supply magnet with strong demand + the boost from the new Live Local legislation — three markets (Fort Myers, Sarasota, Daytona Beach) are seeing Class C rent cuts around 10-12%. “…
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In 2024, Multifamily completions are outpacing new starts at the largest levels since 1975.
This research and article comes from Jay Parsons, Rental Housing Economist (Apartments, SFR), Speaker and Author. <— Click on link to see other articles and research from Jay. So far here in 2024, U.S. multifamily completions are outpacing new starts…
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Tampa Retail Real Estate Market Report
Article via Bounat.com – Click Here for complete story and others similar to it. The commercial real estate brokers at Bounat work diligently to compile a comprehensive list of the top commercial real estate activity in the Florida region on…
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Home sales drop
via Titan Funds Home sales for previously owned homes dropped 4.3% in March, and sales were 3.7% lower year over year. Although inventory improved significantly during the month, less people are buying homes due to increasing mortgage rates. All-cash purchases…
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