Category: development
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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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Affordable housing proposed for Lakewood Ranch area
If approved, the 66-unit rental townhome project will be located on Lorraine Road next to Savanna at Lakewood Ranch. By Lesley Dwyer via Your Observer <— Click here for full article and others by Lesley | 10:00 a.m. April 17, 2024…
