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A look at the cities that topped this year's Marcus & Millichap's National Multifamily Index.
The twin cities of Minneapolis-St. Paul climbed two spots to top the firm's index. It is the only Midwest market to break into the top 20, according to the firm. San Diego climbed into the second place spot, one of several California markets to sit near the top of the list. In addition Florida metros Orlando and Tampa-St. Petersburg posted the largest advances in this year’s index from last year's, jumping 11 and nine places, respectively.
Money mistakes are a fact of life. In a survey by consumer comparison website Finder.com, 78 percent of Americans confessed to making at least one financial gaffe.
Such mistakes typically carry greater consequences for high-net-worth (HNW) investors, though. One slip-up in a commercial real estate deal could easily cost millions of dollars.
To help HNW investors avoid expensive blunders, we’ve compiled a list of eight common mistakes they make in commercial real estate, along with strategies for sidestepping those errors.
In February, Marcus & Millichap released its annual forecast for the self-storage market in the United States.
The following gallery includes key stats from the 36 markets, as well as the U.S. as a whole. Markets are ranked by forecasted vacancy rates for 2019. All statistics in the gallery reflect Marcus & Millichap's projections for where each market will end the year.
It's not a huge revelation to point out that costs of living vary considerably depending on what part of the United States you happen to live. But it's still striking to see the magnitude of the gaps between the most and least expensive cities in the nation.
Recently Move.org produced a list ranking the costs of 75 different metros. They site used five common expenses to generate its list: average rent for a one-bedroom apartment, utilities, interent, gasoline and food (groceries and occasional restaurant meals).
Using the data from the site, the following gallery includes the five most and 10 least expensive cities in the nation.
Weighing 22 metrics, covering diverse metrics in the realms of "digital," "principles," "leisure," and "business," on-demand housing platform Nestpick recently generated the list of the best cities for Generation Z.
Cities were given scores of 1-to-100 on each category. The combined scores for all metrics were then used to generate an overall score for each city.
Austin, Texas, is considered one of the nation's strongest markets in a number of ways. It's got a booming population, a strong growth profile and a diverse economy. You can add "most livable state capital" as the latest feather in its cap.
Recently, WalletHub weighed factors such as cost of living to K–12 school-system quality to number of attractions to generate its list of the most livable state capitals. To determine the ranking, WalletHub compared all 50 state capitals across four key areas: affordability, economic well-being, quality of education and health and quality of life.
In turn, each of those dimensions was evaluated using 54 relevant, weighted metrics. Each was graded on a 100-point scale, with a score of 100 representing the most livable state capital. WalletHub then determined each state capital’s weighted average across all metrics to calculate its index score.
Yardi at its COMMERCIALCafé blog compiled a list of top counties for investment. In its methodology it allocated points for employment, GDP, population growth, poverty rates, the educational attainment level of the labor force and the number of eligible opportunity zones within each area.
CBRE sees more growth ahead for the U.S. commercial real estate industry in 2020, although the pace of expansion could slow thanks to already strong fundamentals that will be tough to improve upon combined with some broader economic headwinds as part of its 2020 Real Estate Market Outlook. Specifically, uncertainty surrounding trade negotiations, weakness in manufacturing and the approach of the presidential election season will hang over the industry in 2020.
Prime office occupancy costs in Hong Kong (Central) were up 5.0 percent year-over-year as of the end of the first quarter, further cementing its place as the most expensive office submarket on the globe, according to new data from CBRE in its Global Prime Office Occupancy Costs report.
Overall, six of the top 10 and 12 of the top 25 most expensive markets are in the Asia Pacific region. The U.S. accounts for another eight of the top 25.
The continued proliferation of e-commerce remains a boon for the industrial sector. In all, North American industrial absorption is forecast to register 495 million sq. ft. in 2019 and 2020, with 550 million sq. ft. of new product delivered by year-end 2020. IN addition, vacancies will remain at around 5 percent and average asking rents will rise from $6.24 per sq. ft. all the way to $6.68 per sq. ft. by the end of 2010.
Those were some of the conclusions in Cushman & Wakefield's recently released 2019 North American Industrial Outlook, which line up with the sentiment expressed in NREI's recent industrial research study.
