Market Intel

Migration has driven population growth and economic prosperity to many parts of Arizona and Texas, areas where superior living conditions for apartment residents have been provided, according to a recent report from Storage Café, based on data from Yardi Matrix. Gilbert, Ariz., ranks first nationally in terms of luxury apartments

There was a time when electric cars were easy to spot. First, there was the Toyota Prius hybrid, slowly followed by the Chevy Volt and the Nissan Leaf. A little over a decade later, Tesla introduced the Model S. While a handful of other models were introduced during the same

Uncertainties about inflation, supply chain and future Fed action have created a challenge, but not enough to outweigh demand. Cost of capital for multifamily projects continues to increase and will likely get higher. But an offsetting reality is that demand for rental housing remains robust. Upshot: Smart developers taking appropriate

Rising interest rates, inflation and fears of a recession are starting to change the calculations of how to get the best returns for commercial real estate investors. Should they continue to favor multifamily and industrial assets, which have served them well through the pandemic disruption? Or switch to higher risk,

It was a trend prior to the pandemic that has only accelerated over the last few years and shows no signs of slowing: People are prioritizing health and wellness when deciding where they want to live. They want their homes to be designed with better air and water quality and

CoStar Market Insights: Phoenix Trails Only Las Vegas for Achieving Highest Annual Rent Gains in the Multifamily Sector. Phoenix continues to pay dividends for investors who bet on its multifamily market. At the end of 2018, year-over-year rent growth for apartments averaged roughly 7 percent in the Phoenix metropolitan area,

Boston, Chicago and New York City will see more supply than demand this year. Supply is one of the themes in Fannie Mae’s Outlook for 2019, which is being released this morning. Namely, the GSE expects the multifamily market to remain positive but it warns that a wary eye must

Worries of a slowdown are spreading across the U.S. housing market, especially after this week’s sales miss by homebuilder Lennar Corp. confirmed for many the notion that demand is waning. The homebuilder, which has a number of communities in the Valley, later said it was seeing improved home sales in

Employment in the Phoenix area grew 4.2 percent during 12-month period that ended Nov. 30, 2018 — the second highest percentage growth of all metros nationwide. According to CBRE research and the U.S. Bureau of Labor Statistics, the Phoenix area gained 86,800 new jobs over the period. Meanwhile, in 2018,