The Dumes | Teets | Mullowney Group of Marcus & Millichap

The Wall Street Journal recently released their rankings for the best colleges in the nation. Princeton, Babson and Stanford won the top three spots. When talking about universities' rankings, it is important to look at multiple sources, especially if these rankings are playing a part in determining which markets you invest in. Our team keeps up with rankings from U.S. News & World Report, WSJ, Forbes, and Niche, and we dive deeper into the rankings of each university we do business in. #studenthousing #student #multifamily #apartments #cre #commercialrealestate #realestate #college #university #investorinsight #investment #investmentproperty #dtmgroupcre 

With the holiday season approaching, shoppers are expected to spend 31.7% more on gifts, food, décor and experiences than they did in the previous year. The average shopper is expected to spend $1,261, about $300 more than last year. This increase is due to easing economic constraints that have affected shoppers in past years. Shoppers are also expected to spend 56% more on holiday experiences and shows than they have in the past. Social media marketing has played a role in this increase as well, with more than 80% of consumers saying they will use Facebook, Instagram and TikTok to help them shop. The Dumes | Teets | Mullowney Group of Marcus & Millichap #wisdomwednesday #studenthousing #CRE

The pre-leasing season for the 2024-25 school year has officially wrapped up. At Yardi 200 schools, the pre-lease rate reached 92.9% in August, 20 basis points above August 2023. This season saw exceptionally strong growth at the beginning and tapered off in the spring, sometimes dropping below 2023 numbers. A handful of universities were over 99% pre-leased at the end of August, including Oklahoma State, Ohio, Oregon State, VCU, Auburn and Illinois State. If you're interested in learning more about how this pre-leasing season wrapped up, keep an eye out for our quarterly report next week. #studenthousing #student #multifamily #apartments #cre #commercialrealestate #realestate #college #university #investorinsight #investment #investmentproperty #dtmgroupcre 

Which college towns does Thrillist deem the best? Sports, traditions, food, and surroundings make a city stand out as an exceptional college town. Thrillist included bigger cities and smaller cities, some that might not be considered a traditional college town. Which college towns do you think they missed? The Dumes | Teets | Mullowney Group of Marcus & Millichap #dtmgroupcre #wisdomwednesday #cre #studenthousing 

Walmart makes history with a move that could send waves through the commercial real estate developer community. Walmart Inc., who partnered with Alquist 3D on the first-of-its kind development project, used 3D printing to construct a new addition to their store in Athens, TN. The addition, measuring 8,000 SF with 20-foot-high ceilings, is one of the largest free standing 3D-printed structures in the United States. The project also helps Walmart in continuing their goal to become more environmentally friendly year-over-year. While there is still plenty to work out in regards to scaling this nationally, Walmart has already stated they plan to construct a second facility in the near future. For more information, check out the article below from Chain Store Age.

According to RealPage, Inc., properties closest to campus command approximately the same price premium this year as they have over the last several years. It is important to students that their housing is pedestrian to campus. Rent growth at properties within a half mile of campus began to moderate the earliest, while properties more than a mile from campus grew higher for longer. #studenthousing #student #multifamily #apartments #cre #commercialrealestate #realestate #college #university #investorinsight #investment #investmentproperty #dtmgroupcre 

The rising cost of homeownership has driven the nation's renter population to grow three times faster than the homeowner population. This is especially significant to recent college graduates looking for affordable housing. "Affordable" rent is defined as no more than 30% of someone's income. In this GlobeSt.com article, Houston, Austin, Detroit and Cincinnati are highlighted as affordable cities to live in as a new college graduate. The Dumes | Teets | Mullowney Group of Marcus & Millichap #wisdomwednesday #studenthousing #CRE

Retail CRE has been performing very well this year. Strong consumer spending is fueling the positive outlook for the sector. In fact, the main challenge retail investors are currently facing is the lack of available space. The current vacancy rate is 5.3%, which is historically low, and only 11.3 million square feet of new space is under construction. This lack of supply allows landlords to grow rents. This Connect CRE article is the fifth and final article in a series, and I recommend reading all five articles if you are interested in learning more about retail real estate. The Dumes | Teets | Mullowney Group of Marcus & Millichap #dtmgroupcre #wisdomwednesday #cre #retail

Can a university that costs nearly $70,000 a year in tuition alone be considered one of the "Best Value Colleges" in America? Niche thinks so. For 2025, Niche ranks Harvey Mudd College, a small private college in the greater Los Angeles area, the number one Best Value College in America. For this study, the two factors with the most weight were average return on investment by 30 and the economic mobility index. Also considered were the average net price, graduation rate, loan default rate, median earnings one year after graduation, and median earnings six years after graduation. Rounding out the top five are, in order, Stanford University, Massachusetts Institute of Technology, California Institute of Technology, and Yale University. #studenthousing #student #multifamily #apartments #cre #commercialrealestate #realestate #bestvalue #value #college #university #investorinsight #investment #investmentproperty #dtmgroupcre 

Which student housing markets recorded the largest sales volumes in the first half of the year? Our team's closing of Campus Lodge helped Norman, Oklahoma snag the number five slot, recording over $58 million in sales YTD. #studenthousing #student #multifamily #apartments #cre #commercialrealestate #realestate #college #university #investment #investmentproperty #dtmgroupcre