Whether there is a recession in commercial real estate — or whether one is coming for the U.S. economy — depends on where you’re standing.
Category Archives: Market Trends
Commercial Real Estate Market Trends
Nationwide multifamily rents in January rose from the prior month for the first time since August 2022, growing by 0.4% nationally, new data shows.
The Apartment.com report forecasts 2023 will see the highest new supply totals since the 1980s as underway projects catch up to market conditions. However, the majority of these will be luxury units. This fact, combined with higher interest rates pricing, would-be buyers out of homeownership, and an eventual tapering off of new construction starts, means that demand for many renters is not going away.
Finance is a hot topic industry-wide, and while much of the concern concerns volatile economic factors, it’s more so the lack of clarity surrounding them. Everyone has different opinions regarding what might or might not happen, but it’s essential to look at the macro picture to find a solution.
Market Trends
Residents Continue To Flock To Suburban Townhomes Including Recent DMG Acquisition Alice Mae Court in Orland Park
DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million.
On the heels of buying a large Romeoville apartment complex, an Oak Brook-based multifamily developer has bought another similar property in another nearby suburb. JVM Realty bought the 149-unit Courthouse Square apartment complex at 250 South Naperville Road in Wheaton for an undisclosed amount