articles & news
Marcus & Millichap 3Q/22 Multifamily National Report
By: Benjamin Kunde, Marcus & Millichap
July 7, 2022
Rental demand momentarily settles after an outstanding stretch. The multifamily sector entered 2022 in a historic position of strength. National vacancy was 120 basis points below any quarterly recording spanning 2000-2019, stimulating a competitive market among tenants, which accelerated rent growth. The average effective monthly rent in the U.S. rose nearly 16 percent in 2021, with annual jumps eclipsing 25 percent in several major Sun Belt markets.
Blackstone Targets $25B For Real Estate Fund To Beat Inflation
By: Mike Phillips
June 10, 2022
Blackstone has raised capital for a new global real estate fund that has an equity target of $25B and will look to buy assets in sectors that have the potential to beat the high rates of inflation.
The giant investment manager has raised money from the Teachers’ Retirement System of Louisiana, the Arkansas Teacher Retirement System and the Oklahoma Teachers’ Retirement System, IPE Real Assets reported.
The Asset Classes Poised To Thrive As CRE Enters Recession ‘Danger Zone’: Moody’s
By: Dees Stribling
June 9, 2022
Income drivers for U.S. commercial and residential real estate were as strong as predicted in the first quarter of 2022, with multifamily and industrial doing particularly well — but the remainder of this year and 2023 aren't so certain, and the well-battered asset classes would likely bear the brunt of an economic downturn while the rich get richer.
Dallas-Fort Worth to Lead... in New Jobs Over Next Five Years
By: Bill Hethcock
June 2, 2022
Texas’ major metro areas have led the way in recovering from the economic fallout caused by the COVID pandemic, and the Dallas area leads the state in the outlook for jobs growth and output over the next five years, according to a new forecast from Waco-based The Perryman Group.
Perryman’s analysis splits the Dallas-Fort Worth metropolitan statistical area into two metro divisions, but the forecast calls for 438,600 new jobs in DFW....