Cushman & Wakefield’s Post

Q2 2024 showed contrasting trends in the rental market. Phoenix, AZ, experienced a 9% year-over-year rent decline, while Columbus, OH, saw a 13% surge. As rental dynamics shift nationwide, staying ahead of the trends is crucial. Dive into Rentometer's latest report to see how rents have changed in 692 U.S. cities: bit.ly/3WLJXZ4 #RentalMarket #RealEstate

Always good to know about the trend; transitioning retail/office into mix-use or multifamily residential should always be considered when looking at revenue/occupancy opportunities: https://lnkd.in/ebutC_Mt

With an increasing number of people making a home in the suburbs, suburban retail has seen a boost! Van Nieuwerburgh, a professor of real estate and finance at Columbia Business School, writes, “Covid-induced migration patterns began to take on a more persistent character. Many households transitioned from temporarily renting a suburban home to purchasing a suburban home.” This trend reflects a broader shift in how people are choosing to live and shop, with significant implications for retail. Conversely, urban retail has had a difficult few years since 2019 to 2024. Shocked by the COVID pandemic and delayed by the rising cost of living, urban retail has struggled to gain a foothold. 2024 could bring an investor resurgence as consumer spending recovers and record-low retail vacancies in urban areas. This led to a combined 3.3% growth in asking rents in prime retail corridors from 2022 to 2023, according to JLL's 2024 City Retail Report. See more in our latest blog: https://lnkd.in/dR9CkZnK #CRE #Shopping #Retailers #RetailInsights #Urban #Suburbs #Retail #RetailInsights

When it comes to rent reviews, being informed is key. Suburbtrends is a free tool that allows property managers, landlords, and renters to quickly access rental data for their suburb in seconds—no log-on required. At rent review time, cross-referencing Suburbtrends can provide valuable insights into the rental medians for houses and units by bedroom count, along with the percentage change over the past 12 months. Our data is based on the ABS standard for a Statistical Area 2 (SA2), reducing the impact of suburb-level volatility and offering a more stable reference point. For a broader perspective, zoom out to the Statistical Area 3 (SA3) level, where you can assess overall market trends, including rental price movements and vacancy rates. This will help you align your rent reviews with current market conditions more effectively. In just a few seconds, Suburbtrends offers the information you need. For property managers, this means more time to focus on the critical aspects of your role. Landlords can keep a close watch on their investments as frequently as they like. And renters can gain a clear understanding of the rental landscape in their suburb and surrounding areas before their next rent review. Take advantage of Suburbtrends today—your go-to resource for informed rental decisions. #PropertyManagement #RealEstate #RentReview #RentalData #Landlords #Renters #Suburbtrends #MarketTrends #RentalInsights #PropertyInvesting #TenantAdvice #RealEstateTools #PropertyMarket #RentalMarket #HousingAffordability

For first-time home buyers, prioritize location over square footage. Homes in desirable areas tend to hold their value better, making them easier to resell in the future. Consider factors like proximity to grocery stores, parks, and public transportation. Homes on noisy streets may sell for less and take longer to sell. #annaalemi #yhsgr #redefiningtheindustry #call6139000009 #ottawarealestate #realestateottawa #ottawa #ottawahomeforsale

The warmer days of spring and summer ushered in a more active market for the second quarter of 2024. Even in the face of price sensitivity and elevated rates, the number of apartment sales rose... Curious how much they rose? Check out my take on the Q2 2024 Manhattan Market Report. #marketreport #realestate #realestatemarket #marketdata

Wednesdays are for Weekly Reports! Hitting July 4th week inevitably slows down the pace of real estate in the city, yet with price adjustments in place we are getting requests to show on July 4, 5 and on! My listing at 780 WEA #2B got board approved in a day without a single hiccup, biggest congratulations to happy new tenant and owners! Don't miss out on very well priced 10' tall loft priced to market at 303 Mercer Street, Apt.A406! DM me for more details.Market stats below, read the stats, stay informed and stay in touch! ⁠ I am pleased to present Corcoran's snapshot of Manhattan condo and co-op contracts signed from June 22 to 28, 2024. Below are some key highlights from the week: * Last week, 258 contracts were reported signed in Manhattan, up 3% week-over-week and 8% year-over-year. * This was the first time since February that reported signed contracts have increased annually for three consecutive weeks. * New development sales drove the year-over-year increase with 41 signed contracts, an 86% annual increase. As seen last week, 520 Fifth was key to the robust number of new development sales with 12 contracts reported signed. * Sales improved annually for 15 of 20 categories, including a 40% increase in contracts asking $3M to $5M. * The top contract was 25'-wide TH6 at Morton Square asking $10.5M ($2,863 PSF) that features a 250 square foot garden. * This was the first time in two months without a contract reported over $15M in Manhattan. *⁠ *⁠ *⁠ *⁠ #GettingDealsDone #PeakRealEstateSeason #UWS #PreWarLiving #ParkBlock #TownhouseLiving #NewListing #GreenwichVillage #NoHo #LoftLiving #10FeetHeight #Downtown #HotMarket #WeeklyReport #LuxuryAgent #LuxuryReport #LuxuryProperties #LuxuryPropertiesNYC #CorcoranAList #CorcoranWeeklySnapshot #CorcoranReport #OlgaRealEstate

According to CoStar, both Las Vegas & Phoenix ranked in the top 5 for retail rent growth for the third quarter of 2024. This makes sense as I'm sure that you've seen rents here for new centers in the $4 to $5 per square foot range (monthly) and even encroaching higher than that. Tack on the higher than ever NNNs ($9 to $12 per square foot, annually), and you've got some high monthly expenses to deal with every month. While this growth is beneficial for landlords and investors, it poses challenges for some tenants. Smaller businesses may find themselves struggling to cope with the escalating costs, potentially leading to being priced out of the market, having to raise prices, or even facing closure. National retailers and restaurants with robust sales are better positioned to navigate these financial demands compared to regional or local businesses. The evolving retail landscape reinforces the importance of strategic financial planning and adaptability for businesses in the Las Vegas Market. It's a dynamic environment where staying competitive and sustainable requires careful consideration of expenses and market trends. #CoStar #Retail #RetailLasVegas #RetailNews #CommercialRealEstate #CRE #ROICommercialRealEstate https://lnkd.in/gg8TQpKw

🚨 NYC Real Estate Market Update: Key Insights for Renters, Buyers, and Sellers 🚨 The NYC market is seeing some interesting shifts—whether you're looking to rent, buy, or sell, here’s what you should know: 📊 Rental Market 20% of Manhattan rentals now offer concessions (think free rent or waived fees)—a great opportunity for renters looking to save! Median rents in Manhattan remain stable at $4,400, while Brooklyn dipped slightly. Queens saw an 11.5% rent growth, making it a hotspot for renters and investors. 🏡 Sales Market Inventory levels in Manhattan remain elevated, especially in neighborhoods like the Upper East Side and Financial District, offering buyers more choices. Sellers are adjusting prices, so if you’re a buyer, now could be the time to secure a deal! 🌍 Neighborhood Spotlight Upper East Side: An influx of inventory presents more buying opportunities in a prime location. Queens: Increased rental demand makes it a strong area for both renters and investors. Brooklyn: With rent concessions on the rise, Brooklyn continues to provide great value for tenants. 💼 For Sellers Pricing strategy is key. With increased inventory, proper pricing and staging can help you stand out in this competitive market. How does this impact you? Whether you're looking to rent, buy, or sell, the current market conditions offer excellent opportunities for those who know how to navigate them. Don’t hesitate to reach out if you want to discuss your next move or have any questions! #NYCRealEstate #RentalMarket #SalesMarket #RealEstateTips #MarketInsights

𝐔𝐧𝐢𝐭 𝐑𝐞𝐧𝐭𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐒𝐥𝐨𝐰𝐬 𝐢𝐧 𝐌𝐚𝐣𝐨𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐬: 𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬! CoreLogic's latest Housing Chart Pack reveals a significant slowdown in annual rental growth across Australia's combined capitals, now at 𝟖.𝟔%, down from 𝟏𝟎.𝟔% in April. Over the past year, capital city unit rents have seen growth rates drop from 𝟏𝟓.𝟏% 𝐭𝐨 𝟕.𝟔%, with Sydney, Melbourne, and Brisbane experiencing the most notable slowdowns. 𝗦𝘆𝗱𝗻𝗲𝘆: Annual unit rent growth fell 10 percentage points to 7.1%. 𝗠𝗲𝗹𝗯𝗼𝘂𝗿𝗻𝗲: Unit rents dropped 7.4 percentage points to 7.5%. 𝗕𝗿𝗶𝘀𝗯𝗮𝗻𝗲: Growth slowed from 15.3% to 8.5%. Despite this, growth rates in Sydney and Melbourne remain above historic averages. This trend could indicate easing demand and a shift towards house rentals and regional markets. 𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐁𝐮𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: 𝟭｡ 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: Slower rental growth in units may present buying opportunities in inner-city markets as demand pressures ease. 𝟮｡ 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝗵𝗶𝗳𝘁𝘀: Consider diversifying into house rentals or regional properties, where demand appears to be increasing. 𝟯｡ 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: Stay informed about rental market trends to make strategic decisions that capitalize on evolving market dynamics. Ready to make your next move? Let’s chat about strategies for success in a shifting market! ☎️ 𝟬𝟰𝟭𝟱 𝟲𝟰𝟱 𝟰𝟳𝟳 ✉️ 𝘄𝗲𝗮𝗹𝘁𝗵@𝗯𝗿𝗮𝘆𝗲𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆.𝗰𝗼𝗺.𝗮𝘂 🌐 𝘄𝘄𝘄.𝗯𝗿𝗮𝘆𝗲𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆.𝗰𝗼𝗺.𝗮𝘂 #PropertyInvestment #RealEstateNews #MarketTrends #Sydney #Melbourne #Brisbane #BrayePropertyBuyersAgency