NOT FOR REPRINT
Page Printed from: globest.com/author/profile/philippa-maister?page=7
Sign In To follow
The prevalence of US markets in the top 20 is mainly down to two factors.
Even though student housing performance was weaker than previous highs, it remains strong.
Of developers two-thirds stated that their most active projects will be building affordable housing.
Concessions have increased from 2023 levels in 40 of the 45 largest metros.
Tenants are favoring newer and higher-tech facilities
The segment of production most affected was mid/high rise.
Of the top 10 metros with the biggest increase in inventory, four were in Florida.
Columbus stands out as the most popular market in the Midwest region and in the U.S.
Portfolio and entity trades increased 24% over the past year, indicating that institutional capital is returning to the market.
Asking rents were 23% above pre-pandemic (June 2019) levels, while mortgage payments were 90% above