This article originally appeared on CoStar Insight . It has been republished here with permission. Apartment vacancies across South Florida have continued their upward trajectory going into 2024, standing at 5.4%, 7.2% and 7.8% for Miami, Fort Lauderdale and Palm Beach, respectively. Fort Lauderdale has seen the widest vacancy expansion since the beginning of...
The latest issue of Ten-X’s monthly BID Magazine is here—and all about the phenomenal Phoenix, Arizona. Dive into the April 2024 BID Magazine for… An exclusive first look at 100 new investment opportunities. Get your sneak peek at the properties coming to auction nationwide in April. The latest updates and insights from the Phoenix CRE market. Read our CRE market...
This article originally appeared on CoStar Insight . Following steep losses through the second half of 2023, the Phoenix apartment market finally posted positive monthly rent growth in January 2024. The average asking rent increased 0.3% in the inaugural month of 2024, the largest increase since May 2022. While last month’s gain lags the 0.5% growth that the...
This article originally appeared on CoStar Insight . Phoenix leads the country in industrial construction in early 2024, usurping the Dallas-Fort Worth region as the nation’s construction hot spot, a throne it has held since 2016. Both markets are contending with record supply additions over the past few years as renewed focus on domestic supply chains spurs...
This article originally appeared on CoStar Insight . The Phoenix retail market recently hit an inflection point that hasn’t happened in at least 15 years. The share of space available to lease declined to 4.6% in the third quarter, surpassing the 4.9% U.S. level. In the decade leading up to the onset of the pandemic, Phoenix carried a structurally higher...
Austin, Texas, is punching above its weight class when it comes to retail construction as developers race to capitalize on the growing consumer demand in the area. The Texas capital ranks 37th in the U.S. for square feet of retail inventory but ranks fourth in most space under construction and in square feet built over the past 12 months. Some of the largest...
Kick off Q2 with a special edition of our monthly BID Magazine. This month, we’re not spotlighting just one region—we’re checking in on hospitality properties all across the United States. We can state without reservation that you won’t want to miss out on the updates and insights offered in this first-of-its-kind issue. The April/May 2024 BID Magazine includes...
The February 2024 BID Magazine is now available for download! Tap into the latest CRE insights and investment opportunities with the newest issue of Ten-X’s monthly BID Magazine, starring the Lone Star State. What can you find in this issue? Get the latest Texas market insights. Wondering about the current state of the industrial, multifamily, retail, office, and...
This article originally appeared on CoStar Insight . It has been republished here with permission. Construction of office properties in the Detroit area remains at a moderate pace, even as the future of office properties is still very much in the air amid prolonged uncertainty surrounding office use and the trajectory of interest rates. The 1.5 million square...
This article originally appeared on STR . It has been republished here with permission. Revenue per available room (RevPAR) improved 2.0% year over year (YoY) in February, reflecting the continued return to pre-COVID patterns of low single-digit gains. Remove Las Vegas from the equation, however, and February RevPAR was down 1.4% YoY. The overall RevPAR increase...
