While the U.S. economy has produced its highest growth in decades, much of the economy-related attention is focused on inflation, which not coincidentally is also running at its hottest level since the 1980s. Are the worries justified, especially for real estate?
Category Archives: Market Trends
Commercial Real Estate Market Trends
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Victorian Apartments, a 152-unit multifamily property located in Montgomery, IL.
As recently as October, lumber prices seemed to be moving to a new sustainable norm. It seemed as though prices in the $500 to $600 range per thousand board feet might become the new normal for the next year or so.
In its most recent survey, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found significantly more than three in four apartment households paid rent in full or part by early this month.
U.S. apartment leasing activity normally slows as the weather cools late in the year. In turn, occupancy tends to backtrack a bit, and property owners cut move-in lease prices a little. However, 2021 hasn’t been a normal year for the rental housing sector, and an outperformance relative to historical standards continues to register as the year winds down.
Commercial real estate prices have increased measurably this year delivering positive results for investors, John Chang, Senior Vice President and National Director Research Services at Marcus & Millichap said in a recent video.