This article originally appeared on STR . It has been republished here with permission. Top-Line Metrics (December 2024 vs. December 2023): Occupancy: 53.2% (+1.1%) Average daily rate (ADR): US$156.67 (+3.3%) Revenue per available room (RevPAR): US$83.30 (+4.4%) Key Points Largest monthly RevPAR gain of the year Highest quarterly RevPAR growth since Q1 2023 13...
Does it ever feel like online auctions have their own language? From absolute auctions to valuations, here are some of the most important terms and phrases to understand as you participate in an online CRE auction. General Auction ABCs Though the auction space has evolved along with modern technology, we still use quite a few words and phrases from the days of...
The September 2024 issue of BID Magazine is here! This month we're highlighting the Mid-Atlantic regions of the US, with a special spotlight on Tennessee. The September 2024 BID Magazine includes... Insights into the latest trends in the Tennessee CRE market. Make your investment decisions with the latest data and insights from CoStar Analytics, with special...
Over the last four years, few industries have experienced disruption quite like the hospitality industry. First the lockdown measures and travel restrictions of 2020 and 2021 brought demand to a standstill, leading to significant declines in occupancy and revenue. In 2022, after lockdown restrictions lifted and travel skyrocketed, hospitality experienced a...
Did you enjoy our hospitality issue? With Q2 all wrapped up, it's time to for another special edition of BID Magazine. This time, we're taking a deep dive into the retail asset class. From food service to fitness, and from hobby to healthcare, the retail asset class encompasses a diverse array of property types—and you can learn all about the performance of each...
The July 2024 issue of BID Magazine is here, and this month we're putting a special spotlight on the state of Washington. What's going on in Washington CRE? Well... In the July 2024 BID Magazine, you can find… Your exclusive first look at over 100 new investment opportunities! These properties coming to auction nationwide in July—and you'll see them first here...
This article originally appeared on CoStar Insight . It has been republished here with permission. Retail owners across Fairfield County, Connecticut, are seeing annual rent growth slow to 2.2% this month from a peak of 3.7% posted in last year’s third quarter, which marked the highest pace of rent increases since early 2007. The slowdown is expected to...
This article originally appeared on CoStar Insight . It has been republished here with permission. Falling occupancy and decelerating rental performance in Fairfield County, Connecticut, over the past year have pushed institutional buyers to the sidelines, dragging deal flow to its lowest level in over a decade. In 2022, enthusiastic buyers in Fairfield County...
This article originally appeared on CoStar Insight . It has been republished here with permission. Developers have been fixed on Connecticut's most populous cities as the state has had roughly 14,900 new apartments come online since the start of 2020, and an additional 7,200 units are still in the construction pipeline. Stamford, New Haven, Hartford, Norwalk, and...
This article originally appeared on CoStar Insight . It has been republished here with permission. Like seasoned surfers scouting for the perfect wave, commercial real estate investors are also active during the summer, scanning the choppy investment waters for suitable investment targets. Navigating the challenging commercial real estate landscape requires a...
