Kick off summer with a brand-new issue of Ten-X’s monthly BID Magazine is here. This month, the news is all about New England. What awaits you in this issue? The June/July 2024 BID Magazine includes… An extensive list of over 70 new investment opportunities—nationwide! Get your exclusive first look at the properties coming to auction across the United States in...
At the end of 2023, industrial rent growth remains the clear winner among asset performances in the Dallas-Fort Worth region. Industrial properties report rent growth of 7.7%, down from the peak of almost 12% last year. The Dallas-Fort Worth industrial market, however, faces growing pains as developers have added 69 million square feet this year, the highest...
Despite a challenging year, the amount of office space occupied in Austin, Texas, has remained above pre-pandemic levels following remarkable growth in 2021 and part of 2022. The amount of occupied square feet in the third quarter of 2023 was 2.5% higher than in the third quarter of 2019, fueled by a period of rapid in-migration of so-called knowledge workers...
A resurgence in group travel is boosting the performance of Houston’s hotel market. Group business — bookings of 10 or more rooms — at Houston’s hotels has been growing at a faster rate than transient, or individual bookings, at the market’s high-end hotels. Group occupancy has grown by 19.5% year to date through September, which is significantly higher than the...
Multifamily rents in the Dallas-Fort Worth region are down an average of 1% over the past 12 months as of the end of December 2023. The year-end results are the first time since 2009 that apartment rents did not increase in a year, a result of the heavy supply of new units in high-growth areas and owners and managers lowering rents to compete for renters. While...
Dive into the latest CRE insights and investment opportunities in South Florida with the newest issue of Ten-X’s monthly BID Magazine, with a special spotlight on the Sunshine State. The March 2024 issue of BID Magazine includes… The latest updates and insights from the South Florida CRE market. What’s the current state of the market? Read our CRE overviews of...
This article originally appeared on CoStar Insight . It has been republished here with permission. Private equity group Rockpoint acquired over 87 acres of developable land in Pompano Beach this November in one of the largest land sales of the past few years. The Boston-based group paid Cordish Cos. $180 million, or over $2 million per acre, for the site, which...
This article originally appeared on CoStar Insight . It has been republished here with permission. New Year’s Eve 2023 in Miami was an even bigger party than the previous year. Miami recorded the highest New Year’s Eve hotel occupancy among Florida’s three largest hotel markets and was the only one of the three markets to experience an increase compared to the...
This article originally appeared on CoStar Insight . It has been republished here with permission. South Florida continues to see healthy employment figures, with Miami-Dade outperforming in terms of job gains through the end of 2023. As of November 2023, the latest jobs data for the area, the unemployment rate in Miami-Dade reached a historic low of 1.4%, with a...
