Category: development
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Florida Rents Decline as Apartment Supply Floods Markets
Florida rents keep falling as new apartment supply surges, with many markets seeing annual drops amid slower migration and high vacancies. By Valerija I. via CRE Daily <— Click here for complete article and other similar research and stories. As…
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Dollar Dips, Dives, Ducks, Dodges & Dives
The U.S. dollar slipped to its weakest level in more than four years against the euro, as traders doubled down on bets the Fed will cut rates this week. With markets pricing in at least a 25-basis-point trim, maybe more,…
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Claims Pile Up
U.S. jobless claims surged to their highest level in nearly four years, with 263,000 people filing for unemployment benefits last week. The uptick suggests cracks in the labor market that had, until recently, remained resilient despite higher interest rates.…
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7 new Sarasota restaurants we’re most excited to see open soon — from downtown to UTC
by: Wade Tatangelo and Jimmy Geurts via Sarasota Herald-Tribune 520 N. Tamiami Trail, Sarasota; 941-777-1000; 1000northsarasota.com One of the more attention-grabbing restaurant announcements so far this year came with the news of 1000 North, which features celebrity cofounders including basketball legend Michael Jordan…
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Florida renters struggle with housing costs, new statewide report finds
by Brittany Sylvestri via UF News Nearly One Million low-income renter households in Florida are struggling to afford their housing costs, according to the 2025 Statewide Rental Market Study, released by the University of Florida’s Shimberg Center for Housing Studies. Prepared for Florida…
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Multifamily Starts Surge in June, Raising Questions About a Rebound
The seasonally adjusted annual rate (SAAR) for multifamily starts shot up 30.6% in June to 414K units via CREDaily <— Click here for complete articles Multifamily Starts Surge in June, Raising Questions About a Rebound Despite volatility in the data,…
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Survey Signals Cap Rate Plateau, but CRE Headwinds Haven’t Cleared
By Erik Sherman via CRE Daily <— Click here to view complete article CBRE’s midyear survey of over 200 brokers indicates cap rates may have hit their peak in early 2025, even amid a rollercoaster ride in Treasury yields. By the numbers: The 10-year…
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New construction pushes Sarasota, Florida’s multifamily vacancy to decade high
Rents fall as concessions become widespread and below data is pieced together from Costar Insights, CRE daily & Realpage. As reported by RealPage, Florida’s rental market is feeling the weight of a multi-year apartment building boom. With new units flooding the…
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