Austin’s Nation-Topping Population Growth Mitigates Long-Term Supply Wave Impact Growing millennial and Gen Z populations backstop demand. Similar to last year, an incoming supply wave will place upward pressure on vacancy as new units are added at an elevated pace. In 2023, the metro is set to record its highest year-over-year inventory change since at...Read More

Orlando Solidly-Positioned to Weather New Supply as Standout In-Migration Provides Momentum Robust household formation guides metro through flux period. Far from March 2022’s low, vacancy has more than doubled over the past 12 months. Up to 5.2 percent in April, further rises are likely, as the metro welcomes a record volume of deliveries. Supply pressures...Read More

Economic Development Incentives Bring New Firms to West Palm Beach, Spurring Rapid Net In-Migration Influx of new residents drive unprecedented rent gains. Since 2019, West Palm Beachhas led all major South Florida markets in population growth, gaining more than 55,000new residents. Initiatives from the Business Development Board of Palm Beach Countyspurred many corporate relocations and...Read More

Public-Private Initiatives Help Metro Weather Inbound Headwinds as Multifamily Performance Moderates Public sector and related employers mitigate demand hurdles. Due to a high concentrationof recession-resistant industries, San Antonio is uniquely poised to withstand aneconomic downturn. Aside from a plethora of state government organizations, the regionboasts a substantial national defense sector — including a regional NSA...Read More

In-Migration and Challenging Homeownership Environment Mitigate Apartment Supply Wave’s Pressure Barriers to buying a home to help moderate vacancy decompression. In 2023, the metrois expected to see the sixth-largest volume of new residents among major U.S. markets, supportingthe local labor force. Even with some companies rebalancing staff counts amid economicturbulence, higher-wage personnel from Austin’s growing...Read More

As the Fed seeks to temper inflation, the commercial real estate industry buckles in for more challenges ahead Quick takes: Fed hikes rates and turns more aggressiveRecession risk increasesInflation likely to slow further over timeFiscal policy not likely to help very muchCRE faces more challenging path ahead Here we go. The Fed’s actions and forecasts...Read More

By CBRE Introduction Price Discovery Property price discovery is always a significant challenge when capital markets are under stress. The spring of 2022 was no exception. Our H1 2022 Cap Rate Survey was largely conducted in May and early June. Interest rates were rising rapidly at that time, making the impact on cap rates very...Read More