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1 week ago | 
commercialsearch.com | Tudor Scolca
Office development in Austin retained strong momentum at the beginning of this year, which highlighted the metro’s resilience. The market ranked second nationwide in terms of new office space underway, behind Boston, CommercialEdge data shows. Other fundamentals lagged, however, as the large amount of new space coming online pressured vacancies and investment values.
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3 weeks ago | 
commercialsearch.com | Tudor Scolca
By Tudor Scolca April 2, 2025 Market UpdatesBostonNewsNortheastOffice Unsurprisingly, the largest investments and new developments were all life science assets. Hines is nearing completion of its South Station Tower, one of the largest developments in Boston at the beginning of this year. Image courtesy of DBOX An outlier among the largest U.S. metros, Boston’s office market outperformed its peers in 2024. With another difficult year for the sector expected in 2025, stakeholders must find...
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3 weeks ago | 
multihousingnews.com | Tudor Scolca
Many fundamentals are back to historic averages. San Diego. Photo by Thomas De Wever/iStockphoto.comSan Diego ended 2024 with overall balanced fundamentals, with most metrics falling back to historic levels. In line with seasonal trends, average advertised asking rents in the metro were down 0.1 percent on a trailing three-month basis through December, to $2,744.
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4 weeks ago | 
multihousingnews.com | Tudor Scolca
The capital's report card looks good going into 2025. Washington, D.C. Photo by halbergman/iStockphoto.comWashington, D.C., ended 2024 on a positive note, with most fundamentals at relatively healthy levels compared to the rest of the nation. Average advertised asking rents were down 0.1 percent, on a trailing three-month basis through December, to $2,215. The rate was 10 basis points above the national figure.
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1 month ago | 
multihousingnews.com | Claudiu Tiganescu |Adina Rogoz |Richard Berger |Vicentiu Fusea |Maria Maruta |Anca Gagiuc | +1 more
WinnCompanies, Boston Housing Authority secured $70 million for the first building of Mary Ellen McCormack's redevelopment in Boston.
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1 month ago | 
multihousingnews.com | Tudor Scolca
No major market matches the borough's performance. Queens. Photo by Christine McCann/iStockphoto.comThe Queens multifamily market approached the end of 2024 with good momentum. Average advertised asking rents were up 0.7 percent on a trailing three-month basis through November, to $3,130, 90 basis points higher than the U.S. figure. Year-over-year, rents were up 5.9 percent, which was one of the highest rates in the nation.
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1 month ago | 
multihousingnews.com | Tudor Scolca
Big market energy is back, in the Northeast at least. Manhattan. Photo by Paola Giannoni/iStockphoto.comThe Manhattan multifamily market wrapped up 2024 on a high note, despite seasonal hurdles. Average advertised asking rents were up 0.2 percent on a trailing three-month basis through November, to $5,023, mostly thanks to the working-class Renter-by-Necessity segment. Year-over-year, Manhattan rents were up 5.1 percent.
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1 month ago | 
multihousingnews.com | Lew Sichelman |Richard Berger |Claudiu Tiganescu |Jeffrey Steele |Dees C. Stribling |Anca Gagiuc | +2 more
Located in the Wynwood Arts District, the community features lofts for artists and units for the formerly homeless.
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1 month ago | 
multihousingnews.com | Tudor Scolca
If we were to choose one word, it would be 'crosswinds.' Baltimore. Image by Briana Ingram/iStockphoto.comBaltimore’s multifamily market entered the fourth quarter on a decelerating path, as the seasonal slowdown and economic hurdles left their mark. Advertised asking rents remained flat on a trailing three-month basis through October, to $1,730, while the national figure was down 0.1 percent, to $1,748.
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2 months ago | 
commercialsearch.com | Tudor Scolca
By Tudor Scolca February 18, 2025 Market UpdatesChicagoIn FocusMidwestNewsOffice Development stalled while asset values continued to drop, the latest CommercialEdge data shows. 360 N. Green St. was the largest project completed last year. It had been nearly fully preleased, highlighting that there is still demand for high-quality space. Image courtesy of CommercialEdge Chicago’s office market ended 2024 with few positive outlooks. New construction was muted, while overall asset values...
