Globest Sectors

Value-add multifamily properties in Sunbelt cities such as Houston are continuing to benefit from an influx of residents from other high-cost-of-living states and densely populated cities.

Most industry experts believe the overall valuation impact has been less severe for co-living properties than for multifamily because many renters are seeking more affordable housing options, likely continuing post-COVID.

Sacramento is one of the markets continuing to experience apartment rent growth of slightly less than 4% in the last year, leading to mega-acquisitions such as Alira which was recently purchased for $92.3 million.

The unemployment rate is 12%, down 300 basis points from September, according to research from CBRE.

Tenant demand will shift away from class-A high-rise properties and embrace low-rise properties.

When COVID hit, New York lost more than 90% of its office space demand between mid-March and June.

Once the pandemic subsidies, food halls make a lot of sense for ghost kitchens.

Only 75.4% of households made rent payment in the first six days of December, a nearly 8% decrease from the previous month.