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2 months ago | 
globest.com | Anthony Russo |Mario Marroquin
Special Report Instant Insights Falcon Edit Post News A net of 28 residents are moving into the metro area every day. By Anthony Russo | March 21, 2025 at 05:02 PM It's a great time to be a multifamily landlord in Columbia, South Carolina. In a fourth-quarter report from Colliers, net absorption hit 511 units, up from the 295 recorded in the previous three months. That would put demand at a three-year high.
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2 months ago | 
globest.com | Anthony Russo |Mario Marroquin |Erik Sherman
Overall occupancy in the state's capital ended 2024 at 71.2 percent, up from the 58.3 percent in the previous year. Revenue per available Room (RevPAR) spiked to $84.95, from $63.06, while daily rates reached $119.26. The demand caused by Hurricane Helene helped drive the performance, while some can be attributed to developments in Scout Motors.
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2 months ago | 
globest.com | Anthony Russo |Mario Marroquin |Erik Sherman
Most notably, vacancy dropped to "rock bottom levels" of 1.93 percent in the fourth quarter of 2024. That's compared to the 2.11 percent in the previous three months and 2.54 percent in the final quarter of 2023. Of the 12 retail submarkets in Charleston, Colliers recorded vacant space in just five of them. The highest was in West Ashley, which had 38,744 square feet.
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Jan 12, 2025 | 
globest.com | Mario Marroquin
Gen Z entering the workforce and persistent affordability challenges bode well.
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Dec 13, 2024 | 
globest.com | Mario Marroquin
More than a quarter of U.S. homes could hit the market over the next two decades.
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Dec 10, 2024 | 
globest.com | Mario Marroquin |Ingrid Tunberg |Erik Sherman
Multifamily real estate investors are preparing for a year marked by a flood of new apartment deliveries and tighter lending conditions. Although these factors are expected to weigh on the market, analysts highlight strong wage growth and shifting renter preferences as factors that could support household formation and drive multifamily demand.
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Dec 10, 2024 | 
globest.com | Mario Marroquin |Anthony Russo |Ingrid Tunberg |Jack Rogers
Homebuyers who can navigate today’s challenging market may emerge as winners in 2025, despite high mortgage rates and a persistent housing shortage. And as the holiday season settles in, eager buyers, particularly in colder regions, could take advantage of the seasonal slowdown to secure a favorable deal with less competition.
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Dec 10, 2024 | 
globest.com | Mario Marroquin |Anthony Russo |Erik Sherman |Kristen Smithberg
Housing markets in California, New Jersey, Illinois, and Florida are vulnerable to a downturn, with counties near Chicago, New York City, and Inland Empire leading the list, according to a new housing report from ATTOM. These regions accounted for two-thirds of the 50 U.S. counties most susceptible, as affordability gaps, foreclosure filings, and rising unemployment placed increased pressure on local markets and strained affordability.
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Dec 10, 2024 | 
globest.com | Erik Sherman |Anthony Russo |Mario Marroquin |Ingrid Tunberg
Retail has generally seemed to hold out through many of the trials facing CRE, in general. Right now, some data from Newmark might leave you confused about what is happening now. First is current economic conditions. As the firm noted, consumer wage growth is outpacing inflation. In the November jobs report, average hourly earnings were up 4% year over year. The Consumer Price Index in October, though, experienced 3.3% year-over-year growth. But an average view doesn’t get to the core of distribution.
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Dec 10, 2024 | 
globest.com | Kristen Smithberg |Jack Rogers |Mario Marroquin
Regions in North Texas are leading the nation in housing growth while the rest of the country experiences a construction slowdown. According to an analysis by StorageCafe, four cities in the Dallas/Fort Worth Metroplex rank among the 15 fastest-growing housing markets nationwide and are breaking records across key sectors. Across the country, housing inventory grew 16.7% from 2005 to 2023, but a housing deficit of about 3.7 million homes remains, the report said.
