Reis in the News By Jeff Collins Source: Source: OC Register – You need to earn almost $168,000 a year to afford typical O.C. house You need to be making at least six figures to afford the typical existing house for sale in Los Angeles and Orange counties and more than $72,000 a year to … Continued
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Much has been written about millennials and their risk aversion to buying a home over the last decade. Many live with their parents for an extended period, well beyond that of previous generations.
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Denver once again had the highest overall year-over-year growth rate of 7.8%, up slightly from 7.3% last quarter. For the third quarter in a row, New York is our lowest performing market by this measure with an effective revenue growth rate of -1.3%.
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Seattle and Palm Beach were the top two markets this quarter, but all the top five retail metros performed fairly similarly in the range of 4%-5% year-over-year effective revenue growth. The US as a whole had a growth rate of 1.9%, quite a bit lower than 4%.
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Oakland, San Bernardino, and Sacramento were in the top five markets again, and Suburban Virginia, Cleveland, and San Antonio were once again in the bottom five.
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Download our latest report to fully understand what affected the job market and for sector-specific Commercial Real Estate statistics.
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Retail real estate’s troubles in recent years have been well-documented. Online sales continue to eat away at brick-and-mortar activity. Many chains are struggling, forced to scale back on stores or go out of business entirely.
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Reis in the News By Katy Murphy Source: OC Register – Housing crisis: California bill aims to help the missing middle SACRAMENTO — As the state’s costliest housing markets and high rents threaten to force all but the highest-paid workers into ever-longer commutes, California lawmakers have introduced a bill to help more teachers, firefighters and … Continued
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Reis in the News By Eli Segall Source: Best of Las Vegas – The Mercer Opens as Las Vegas Luxury Rental Complex In fall 2006, developers of The Mercer said their suburban Las Vegas condo project would have a modern flair and be “a hot property.” But the economy later crashed and The Mercer was … Continued
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Reis in the News By Peter Grant Source: Wall Street Journal – Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake that is shaking up the job market … Continued
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