Cbre multifamily report. Let us guide you toward real estate’s bold new future.

Cbre multifamily report Established in 1980, the Oklahoma City office has developed an unparalleled commitment to customer service that suits the unique needs of each client. Despite many uncertainties, the U. Q1 2024. The multifamily vacancy rate rose by 10 basis points (bps) quarter-over-quarter in Q2 2023 to 5. com Calum Weaver Executive Vice President CBRE Multifamily For Sale 7311 GARY AVENUE Address 7311 Gary Avenue, Miami Beach, FL 33141 Total Units 18 Sale Price $3,995,000 $4,395,000 Price/ Unit $221,944 Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 9 Million Loan for Refinancing of Retail and Multifamily Portfolio in Savannah, Georgia June 1, 2023 CBRE has arranged a $25. Welcome to the first edition of our European Multifamily Housing Report, where we bring you a snapshot of the residential property market across various With more than 130,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Source: CBRE Research, Q3 2023. according to CBRE’s latest report. Eagle has been involved in the sale of apartment properties with Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Investment strategies for 2022. 1% CBRE Phoenix has served the Valley since 1952, becoming an industry leader in the dynamic Phoenix commercial real estate market. 1%. The office sector has the largest spread—over 18%—while multifamily sits at 11%. CBRE is the local leader in commercial real estate. They have been instrumental in the growth of The CBRE Nashville office has been serving clients for more than thirty years, leading Music City’s commercial real estate market since its inception in 1982. mixed-use portfolio featuring high street retail with apartments above. The industrial and retail sectors’ lower bid-ask spreads suggest pricing is more appropriate. The Los Angeles apartment market closed Q3 2024 with an occupancy rate of 95. As always, multifamily investment strategy relies on a balance between risk and CBRE Portland's multifamily quarterly figures report. Figure 3: Historical Summary of Buyer Valuation Underwriting Assumptions for Prime Class A Multifamily Assets. 9% Overall Vacancy $1,100 Average Rent/Unit 4% YOY Rent Growth 252 H1 2023 Unit Deliveries 1,829 Projected 2023 Unit Deliveries $81. Multifamily construction starts are down substantially in response to overall weakening fundamentals and the rapid increase in interest rates. Find a Property After reaching their lowest levels in Q1 2022 since CBRE’s Prime Multifamily Underwriting Survey debuted in 2014. Produced by the CBRE Mid-Atlantic Multifamily Investment Properties Team and CBRE Research, this report has been assembled by local experts to empower decision-makers and inform those interested The overall average rent per unit for multifamily in Orange County ended Q4 2024 at $2,853, down slightly from Q3 2024. CBRE’s latest Tankan Survey showed that the Diffusion Index (DI) worsened for “sales prices” and “expected yields” for both Tokyo Grade A offices and Large Multi-Tenant (LMT) logistics facilities in the Greater Tokyo area. 9 million housing units. Multifamily accounted for 37% of total commercial real estate investment volume in Q1 2022, followed by office at 21% and industrial at 20%. Even with a surplus of multifamily units over the short-term, CBRE forecasts that an Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Global Leadership; Board of Directors the Metro Detroit multifamily market experienced an increase in both average asking rental rate and occupancy. Key Takeaways -Following 2022's negative absorption, the Atlanta multifamily market witnessed four consecutive quarters of positive demand in 2023 resulting in almost 9,700 units absorbed. 443. To accommodate our clients, CBRE has offices located in strategic business centers throughout New England. 3% year-over-year growth. Let us guide you toward real estate’s bold new future. Global Leadership; Figure 15: Multifamily Investment Volume In Japan By Investor Origin. , Q3 2021. CBRE's Portland, Oregon office has been serving clients since 1972, becoming a dominant player in the Portland commercial real estate market. Learn More Note: Estimates of sentitment are based on the expert opinion of local CBRE investment professionals. Key findings. weaver@cbre. The survey was conducted several weeks before Russia's war with Ukraine began and before many central banks started raising interest rates to tame high inflation. 9 million in Q2 2024. and Jacksonville each ranked in CBRE’s annual Scoring Tech Talent report. The CBRE’s latest report highlights the surge in multifamily investments in the DFW area, showing a 201. The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. com entire net Sobre CBRE Con más de 130. Through our industry-leading platform, CBRE professionals provide unparalleled service and market knowledge to meet any client requirement. Midyear review. 5% in 2023 and 2. — Total units absorbed in Q2 2024 was 3,314 units, compared to 1,446 units in Q1 2024. Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Although asset-stranding is not a new phenomenon in the real estate industry, the scale of stranding emanating from MEPS-related transition risk could be quite substantial. Explore. com MICHAEL REGAN Executive Vice President MULTIFAMILY MARKET REPORT - Q3 2022 PG. economy is poised for growth in 2025, driven by consumer spending, easing financial conditions and productivity gains. Elevated by record-high interest rates, renting remains notably more cost-effective than homeownership. Multifamily investment sales market continued at a relatively CBRE's Tampa office has been the city’s leader in commercial real estate services since its inception in 1981. CBRE has been a leader in commercial real estate in Atlanta, Georgia, for almost 50 years Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. About CBRE Group, Inc. 51% and reached their widest spread over going-in cap rates (259 bps) since CBRE began the survey in 2014. Japan’s low cost of financing provides an attractive cash-on-cash yield for multifamily investors, who are also encouraged by the sector’s resilient rental performance and high occupancy rate. You are now on CBRE Global Site Dismiss. , And Matt Vance, our Head of Multifamily Research for the U. Global Leadership; Board of Source: Regional investor intentions surveys, CBRE Research, Q1 2024. 3105 calum. Figure 15: Multifamily Investment Volume In Japan By Investor Origin. For the first time since the Fed began raising interest rates in early 2022, underwriting assumptions for prime multifamily assets are beginning to stabilize. 8% of national multifamily investment activity in Q1 2024, the #2 market share in the country. Figure 2: Implied Bid-Ask Spread. camplone@cbre. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). Chicago Suburban Sales Comparables CBRE transaction Property Preserve at Woodfield 100 Forest Place Iroquois Club The Residences at MULTIFAMILY REPORT 23 Greater Des Moines Area Headlines To Know 4. We expect interest to remain high over the coming year, with investors keen to acquire stabilized assets. In 2020, multifamily loan maturities should total $72. Overall multifamily fundamentals should stabilize by the second quarter of 2021, with steady recovery anticipated through the second half of the year, according to CBRE Research’s latest "U. Our data surveys over 60,000 units with strict requirements on size, age, class and location. Source: CBRE Research, CBRE Econometric Advisors, Q1 2023. Florida is a multi-faceted state benefitting from strong in-migration, a pro-business environment, and a growing labor force. Matt Vance: Hi Julie. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to CBRE’s latest report. Investors keen to enter this sector should engage specialised and experienced valuation advisors to maximise their chances of success in this growing asset class. CBRE expects multifamily investment volumes to pick up further in the coming years. Source: CBRE EA. fox@cbre. -Quarter-to-date (QTD) absorption ended positive at 1,287 units the strongest quarterly absorption figure since Q4 2021. Global Leadership; Board of Directors; Newsroom Hampton Roads Multifamily H1 2021 Report September 29, 2021 Looking for a PDF of this content? THE MOST COMPREHENSIVE MULTIFAMILY REPORT | 2019 REVIEW + 2020 OUTLOOK THE GREATER SALT LAKE AREA Source: CBRE, Inc. com Calum Weaver CBRE Multifamily For Sale CBRE Area Sales VALENCIA SOUTH MIAMI Address 6001 SW 70th Street, South Miami, FL 33143 Total Units 70 Sale Price $17,500,000 Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Global Leadership; Board of Directors San Diego Multifamily Figures Q1 2024 CBRE analyzed maturity forecasts from Trepp and the Mortgage Bankers Association (MBA) for insight on the level of maturities in 2020 and the years following. 0%. Life Sciences Talent Trends report, which analyzes life sciences employment by subsector, mapping out the top markets and employment trends across the research & development, manufacturing and medical technology fields. multifamily market showed signs of stabilization in the second quarter of 2023 with a rebound in absorption and modest uptick in vacancy, according to CBRE’s latest research. 4% for post-2010 assets. 5 million. 125,757 Total Inventory 1 5,313 Units transacted 1 in H2 2022 1,542 Units Proposed 2 290 BPS Vacancy Year Over The U. CBRE Florida Multifamily Team FRANCESCO CARRIERA Executive Vice President +1 813 868 8030 francesco. 2 At CBRE, we transform real estate into real advantage by putting our perspectives, scale, and connections to MULTIFAMILY MARKET REPORT - Q1 2023 PG. Figures. Multifamily Figures" report. It offers attractive lifestyle options for both business growth and family life. Global Leadership; Board of Market Reports; Trending Topics With more than 130,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. CBRE and Streetsense’s joint venture helps unlock value for brands and their customers; reimagine • The CBRE Multifamily team in the first half of 2024 completed of the entire sale activity 45% within South Florida (this includes any multifamily sale with 5+ units and over $1 million). . Powered by the industry’s leading data and analytics platform and the forecasting strength of CBRE Econometric Advisors, our 500 researchers deploy expertise across property types, industries and Note: The quarterly results from the CBRE Prime Multifamily Underwriting Survey are estimates of current buyer underwriting assumptions for the highest quality assets in the best location in 15 markets throughout the Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 7% from 4. Global Leadership; Board of For more than 30 years, CBRE has been the dominant commercial real estate services provider in Charlotte. carriera@cbre. Global Leadership; Board of Directors; Newsroom; Corporate Responsibility Philadelphia Region Multifamily Report H2 2023 February 8, 2024 — The Philadelphia multifamily market closed Q2 2024 with an occupancy rate of 95. As the construction pipeline shrinks, strong renter The U. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 Among major asset types in Tokyo, expected yields fell for offices, rental apartments, and retail facilities. Read Brief Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 3% in 2024. So multifamily has been a resilient asset class since the pandemic. Other Q3 2024 Multifamily Sector After performing strongly over the past 24 months, investors anticipate further increases in pricing for hotel and multifamily assets over the course of this year. Source: CBRE Econometric Advisors, RealPage Inc. Greater Los Angeles Multifamily Figures Q2 2023. Last month, we launched our inaugural Luxury Real Estate 2024 report, homing in on the general outperformance of the luxury market across Europe. CBRE is committed to providing single source comprehensive commercial real estate services. CBRE projects 4 CBRE's 2024 Global Multifamily Investor Intentions Survey reveals upbeat investor sentiment despite persistently high interest rates, tight credit availability and softening MULTIFAMILY SALES • In the first six months of 2023 there were 173 multifamily sales totaling 7,156 units and just over $1. Let us guide you to your next investment or leasing opportunity. industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Read Brief Brief | Intelligent Investment Gap Between Sun Belt & Coastal Multifamily Rents Narrows but Both Remain Relatively Affordable CBRE expects above-average effective rent growth of 3. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, while Charlotte sees positive net absorption and a high completions-to-inventory ratio according to CBRE’s latest research. CBRE has conducted an analysis to understand how energy efficiency upgrades in multifamily housing (MFH) can impact the market value of an asset. 5 million in total volume, compared to $567. Investment in the multifamily sector increased by 56% year-over-year to $63 billion in Q1 2022—the strongest first CBRE South Florida Multifamily team was the winner of one of CBRE’s top national honor for brokerage teams, the Gary J. Source: CBRE Research, Q1 2024. Global Leadership; Board of Directors The multifamily debt markets are highly functional, largely because of the agencies, which support stability and Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Read Brief As impressive recovery stands to drive multifamily investment and development, there are three key areas of innovation we have our eyes on: adapting residential and alternative spaces, designing for the future, and renewing focus on resident experience. Research Reports. 8%. Figure 8: Investors’ Pricing Expectations by Sector in 2025 The CBRE Colorado Multifamily team has a combined 150 years of experience focusing on investment sales, equity placement, and multifamily and mixed-use land sales throughout Colorado and the Rocky Mountain Region. com The DC/Baltimore area ranks third overall for BioPharma Research & Development in CBRE’s annual U. We help our clients realize their investment objectives and have built strong local relationships with owners, vendors, investors and lenders across the industry. Produced by the CBRE Mid-Atlantic Multifamily Investment Properties Team and CBRE Research, this report has been assembled by local experts to empower decision makers and inform those interested Greater Los Angeles Multifamily Figures Q2 2023. Welcome to CBRE’s H1 2024 Cap Rate Survey (CRS). *Multifamily Transactions. CBRE Group, Inc. The total multifamily investment sales in Q3 2024 decreased 90% from the previous quarter to $58. For the first time since CBRE began polling investors, respondents to CBRE’s Global Investor Intentions Survey in late 2022 said that they would target multifamily properties more than any other property type this year. 8% from Q2 2024. The average multifamily going-in cap rate increased by 23 basis points (bps) to 4. San Francisco and the immediate centers around the “Bay Area” region have come to represent one of the largest and most diverse engines of economic growth and influence in recent times. Figures Report. Sean was the Managing Director of the CBRE Phoenix office from 1993 through 1998. 8% in the first half of the year as strong spring leasing paired with modest levels of new supply allowed for strong absorption through the first The U. Get the intelligence that tenants, landlords and investors require to navigate the changing office, industrial, retail, and multifamily sectors. Our team strives to provide the top-tier level of service for which CBRE has come to be known. We expect starts will fall by 45% in 2024 from their pre-pandemic average and by 70% By mid-2025, multifamily construction starts are expected to be 74% below their 2021 peak and 30% below their pre-pandemic average. Out-of-town investors continue to flock to Buffalo Niagara for the significant value offered in the region, in comparison to many larger markets across the country. According to CBRE’s Multifamily Underwriting Survey for the third quarter, these improvements signal the market is on the road to value recovery. in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Some investors are also willing to partner with developers to access newly built multifamily properties in Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Stay informed, make better decisions. Global Leadership; Board of At the time of writing this report, it’s around 3. Report 2025 Asia Pacific Investor Intentions Survey January 14 CBRE is pleased to present the Hampton Roads Multifamily Market Report, the most relevant sales, rental, and submarket information. Multifamily investors were generally less concerned by headlines declaring economic volatility than investors in other commercial real estate assets. Since joining the team in 2007, Mr. Figure 3. We’ve decided to look a little closer to home and have pulled out some of the key UK If you require assistance with the sale or lease of an industrial warehouse or Class A office space, prime retail space, hospitality or multifamily asset, the CBRE global platform ensures you will receive the highest level of knowledge and experience in the market. DFW still accounted for 6. While retail and data centers have been supported by longer-term trends, all CBRE is the leading commercial real estate services provider in the Twin Cities. We are past peak interest rates, and they are coming down. Most Multifamily Investors Expect No Change in Debt-to-Equity Ratios. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, while Nashville sees positive net absorption and a high completions-to-inventory ratio according to CBRE’s latest research. Julie Whelan: Hello. Global Leadership; Board of The Seattle office of CBRE has been the leading commercial real estate services provider in the greater Puget Sound region for over a century; since 1908 we have been representing clients of all sizes in a range of functions. We then report the percentage difference in these values as an implied bid-ask spread. 3%. Global Leadership; Board of MULTIFAMILY MARKET REPORT - Q1 2023 PG. K. In addition to the existing core (formerly called “prime”) asset metrics, those for value-add properties have been included for the first time. leader of Multifamily Capital Markets for CBRE. CBRE Expands Multifamily Presence with Addition of Market-Leading Team in the Carolinas Report Southeast United States Industrial Overview - Midyear 2024 CBRE Arranges $25. Of the 20 leading markets in the report, Nashville was one South Carolina is a multi-faceted state benefitting from diverse economy, a business-friendly environment, and educational opportunities. As impressive recovery stands to drive multifamily investment and development, there are three key areas of innovation we have our eyes on: adapting residential and alternative spaces, designing for the future, and renewing focus on CBRE Buffalo, an affiliate of CBRE, released its fourth quarter 2022 Multifamily Figures report for the Buffalo Niagara market. 2% for the following three reasons: A lowering of our CPI inflation expectations to 3. This survey comes at a unique time for real estate capital markets as limited investment volume has caused pricing uncertainty. CBRE Des Moines is a highly regarded commercial brokerage, valuation, and project management services firm in Iowa. CBRE’s 2025 European Investor Intentions Survey reveals a markedly more optimistic outlook compared to recent years. 2% over the next two years, replacing Sun The CBRE San Francisco office has a unique story among all the offices in the global CBRE network - not just because of our roots in the city. South Florida, Tampa, Orlando, and Jacksonville each ranked in CBRE’s Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. The majority (52%) of multifamily investors expect no change in their debt-to-equity ratio when financing or refinancing assets. Sean Cunningham joined CBRE in 1980 and is a nationally recognized multifamily sales specialist. 000 profesionales (incluidos los empleados de Turner & Townsend) en más de 100 países, CBRE es el líder mundial en inversiones y servicios inmobiliarios. CBRE has arranged the sale of Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, Colorado, to Equity Residential. 125,757 Total Inventory 1 5,313 Units transacted 1 in H2 2022 1,542 Units Proposed 2 290 BPS Vacancy Year Over In its report, CBRE noted that multifamily investment volume jumped 82% quarter-on-quarter to $38. -ft. The Greater Los Angeles Multifamily market’s vacancy rate increased by 10 basis points (bps) quarter-over-quarter from 4. CBRE has reduced its full-year rent growth forecast to 2. Investment The Canadian multifamily sector faces heightened near-term uncertainty from revised demand outlooks and challenges in the high-end Market Reports; Canadian Market With more than 130,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, After reaching their lowest levels in Q1 2022 since CBRE’s Prime Multifamily Underwriting Survey debuted in 2014. CBRE | TEXAS MULTIFAMILY MARKET REPORT | Q4 2022 Preface We are pleased to release our Q4 2022 Texas Multifamily Market Report. In 2020, REITs and listed funds deployed most capital into European multifamily housing. The sector accounted for nearly half of commercial real estate investment volume for CBRE Research delivers authoritative global thought leadership and deep local market intelligence to clients and colleagues around the world. With tremendous liquidity and a growing range of debt options available, By mid-2025, multifamily construction starts are expected to be 74% below their 2021 peak and 30% below their pre-pandemic average. CBRE's 2022 Global Multifamily Investor Intentions Survey reveals strong investor sentiment despite concerns about inflation, interest rates and the COVID pandemic. In this report, we explore the key drivers of the next generation of multifamily living. Across Class A and Class B assets, rolling 12-month apartment net absorption reached 25,618 units in the Mid-Atlantic—a record high since the start of CBRE’s data tracking in 1994. The U. according to a new Report. 0% for the year, which will have a one-for-one downward effect on nominal rent growth projections. CBRE is pleased to release our H2 2023 Mid-Atlantic Multifamily review, highlighting the most current and comprehensive data available for the region. Produced by Jim Richards, Jim Kirkpatrick, Jesse Lilla rd and Bond Morris of CBRE, this report has been assembled to provide an overview of the Texas markets allowing multifamily professionals to CBRE has one of the largest teams dedicated to multifamily services in Canada and leverages an industry-leading proprietary database to develop unique market insights. Buyers held a mostly positive-to-neutral stance across product types and markets. Thirty-five percent expect a decrease in the ratio, while only 5% expect an Figure 15: Multifamily Investment Volume In Japan By Investor Origin. Source: CBRE Research, CBRE Econometric Advisors, Census Bureau, January 2024. Global Leadership; Board of Directors Houston multifamily reported positive absorption for 2023 – a total of 10,805 units, which is slightly below the 15yr Get an in-depth view of the US commercial property market with CBRE's up-to-date quarterly figures. However, CBRE expects this trend to emerge only in a few select locations and among high quality assets. Produced by Peyton Cox, Calvin Griffith, Andrew Blackmon and CBRE Research, this report was assembled by local experts to empower decision making and inform those CBRE Research is pleased to announce the expansion of its quarterly Multifamily Underwriting Survey in Q3. This represented a . Find the ideal office, industrial or retail property for your team or source specialized spaces Figure 3: Average Time to Complete Multifamily Construction Projects. Source: CBRE Research, Q4 2024. sawaya@cbre. CBRE Albuquerque has been the city's leader in commercial real estate services since we opened our doors in 1983. We expect the Fed to reduce interest rates in September and havenumerous more cuts thereafter. Our industry‐leading platform provides unparalleled service to meet any client requirement and is the top Indianapolis commercial real estate firm according to the Indianapolis Business Journal. STRONG GROWTH TEMPORARY INCREASE DOWNTOWN DEAL SIZE # OF DEALS SALES VOLUME <$10 Million 63 $193,458,024 $10-25 Million 27 $434,590,212 The U. 9 billion (counting only the Average rent per unit for multifamily in Orange County continued to increase and ended Q3 2024 at $2,854, which was up 1. 1% increase from Q1 2024. One major deal was The Royce Apartments in Irvine with 520 doors totaling 247. multifamily sector is expected to perform above average in 2023 despite economic headwinds and ongoing capital markets disruptions. Founded in 1981, CBRE Las Vegas is Southern Nevada's oldest full service commercial real estate firm. multifamily market is showing signs of recovery as the vacancy rate fell in the third quarter for the first time in more than two years and renter demand outpaced record new supply deliveries, according to CBRE’s latest research. Beban Teamwork Award, for the group’s exceptional service to clients in 2015. I welcome Jen Siebrits, our Head of Research for the U. This bodes well for buyers and sellers CBRE Multifamily South Florida Cell: 786. After several quarters of CBRE's immersion in global real estate results in unmatched perspectives and actionable insights. The team, led by Robert Given, Zach Sackley, Troy Ballard, Calum Weaver, and Brad Capas, will focus on institutional multifamily sales, land development sales, structured Year-over-year, the spread between homeownership and rental costs increased 7. In Q4, CBRE added a new survey question to gauge both buyer and seller sentiment for core and value-add assets. CBRE's 2023 Global Multifamily Investor Intentions Survey reveals positive investor sentiment despite rising interest rates, less credit availability and the potential for a recession. The total multifamily investment sales in Q4 2024 amounted to $451. 1 MM H1 2023 Investment Sales cy. 6%, reaching $1,203 in the third quarter of 2024. Some investors are also willing to partner with developers to access newly built multifamily properties in Robust multifamily construction is set to continue as cost-conscious families migrate further from the coastal areas towards more affordable housing inland. The data driving this report was informed by deals that occurred throughout the first five months of 2024. 3 billion. Report | Adaptive Spaces, Creating Resilience, Evolving Workforces, Future Cities Denver Multifamily Figures Q4 2022 February 2, 2023 CBRE's Orlando office has been serving clients for over 25 years, to become a leading player in Orlando's commercial real estate market. With more than 130,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. 2024 APAC Market Outlook Mid-Year Review. Mr. The overall average rent per unit for multifamily in Inland Empire ended Q4 2024 at $2,228, representing a CBRE today announced it has been appointed the exclusive sales agent for 3333 K Street NW, a five-story, 69,754 square foot boutique office property located steps from Georgetown’s bustling M Street retail corridor offering dramatic views of the Potomac River, Chesapeake & Ohio Canal, Key Bridge, the Kennedy Center and Rosslyn, VA skyline. Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for Report | Intelligent Investment Canada Cap Rates & Investment Insights Q4 2024 January 22, 2025 15 Minute Read CBRE is pleased to present the Hampton Roads Multifamily Market Report, the most relevant sales, rental, and submarket information. 7% in Q3, and increased by 60 bps year-over-year to 4. Produced by Jim Richards, Jim Kirkpatrick and Jesse Lillard of CBRE, this report has been assembled, not to answer every question concerning multifamily in Texas, but to provide an CBRE's latest report highlights Phoenix's significant multifamily investment and rent growth, contributing to a record-breaking Q1 2022. MULTIFAMILY SUBMARKET REPORT FOR MORE INFORMATION: Chelsea Sawaya Client Services Coordinator D: 954 331 1769 chelsea. Multifamily vacancy is only slightly above its long-run average, suggesting the shortage is entirely single-family properties. Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and CBRE Multifamily CBRE Multifamily CBRE Multifamily CBRE is pleased to present the Richmond Multifamily Market Report, the most relevant sales, rental, and submarket information. We have built strong relationships with both owners and occupiers of commercial space throughout Albuquerque and the New Mexico region by serving as trusted advisors to our clients. Read the Report. 94%. As the construction pipeline shrinks, strong renter For 2025, the outlook for multifamily rent growth is more uncertain but the market will face increased downside pressure amid more new supply and weaker population growth forecasts. The Midwest/ Northeast regional group is expected to see cumulative multifamily rent growth of 5. 3 million in total volume, compared to $193 million in Q3 2024. 35 2023 CBRE Submarket Report Hialeah Download WeaveReport 2023 Largest Multifamily Sale – CBRE Salt Lake City, Acacia Portfolio – 714 units (2018) CCIM Excellence Award – Largest Sales Transaction (2018) We produce the most current and comprehensive multifamily market report available in the Utah market. The gradual return-to-work and pent-up renter demand have further activated the multifamily market. 9 million loan for the refinancing of the Broughton Street portfolio in Savannah, Georgia, a 150,984-sq. As of Q3 2021, urban vacancy rates average 5%, just 70 bps above their pre-crisis level, and are Top 5 sources of cross-border capital into European multifamily Source: CBRE Research, 2021. Welcome Jen and Matt. Our headquarters is in Boston, MA with regional offices in Hartford, CT, New Haven, CT, Providence, RI and In the Mid-Atlantic, despite a decline in multifamily sales volume, strong demand and market fundamentals offer strategic investment opportunities for multifamily buyers and point toward a resurgence beginning in the latter half of 2024, according to a new report from CBRE. This was largely driven by a consolidation trend in the multifamily market which was illustrated by growing M&A activity. • In The multifamily sector is set for a record-breaking 2022 amid solid fundamentals and heightened investor interest. Source: CBRE Research, Real Capital Analytics, February 2021. 75 billion in total sale volume. 6% annual rent growth over the past decade compared with 3. “The data for this report was collected in late September/early October and is reflective of Billy Eagle is a Senior Vice President at CBRE and is a member of the Investment Properties group. Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. NEF Reports Record Year in Housing Investments; Pennrose Announces Leadership Transition; HUD Announces Aid to California Fire Victims; Trump Nominates Bill Pulte as Director of the Federal Housing Finance Agency; Little to Retire from NAHT After Two Decades; Freddie Mac Multifamily Volume Increases 34% in 2024, Reaches $66 Billion Detroit ranks #25 overall in CBRE’s 2022 Scoring Tech Talent report as North American tech-talent employment bounced back from the pandemic to post job gains across most top markets in 2021, though the industry’s resilience will be tested again amid economic turmoil in 2022, according to a new report from CBRE. After reaching their lowest levels in Q1 2022 since CBRE’s Prime Multifamily Underwriting Survey debuted in 2014. Note: Survey was not conducted for six quarters throughout the COVID-19 pandemic due to lack of trendable market activity and price discovery. Century Living, the multifamily division of Century Communities, one of the nation’s largest homebuilders, developed the asset which was delivered in phases between 2023 and 2024. Four new markets—Charlotte, Indianapolis, Nashville and Tampa—have also been added for greater coverage of the Market Reports; Trending Topics (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Eagle specializes in the disposition of multifamily assets. 9 MARKET TRANSACTIONS PROPERTY NAME CITY YEAR BUILT UNITS CLOSE DATE SALE PRICE SALE PRICE/UNIT Download CBRE’s 2024 Canadian Market Outlook for insight into the trends shaping real estate in 13 Canadian cities. Investment in the multifamily sector increased by 56% year-over-year to $63 billion in Q1 2022—the strongest first quarter on record and bringing the trailing 4 Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. On one hand, inflation and wage growth suggests that could continue. CBRE has arranged the sale of 515 Tower, a 171,193 square-foot office building that will be converted to multifamily housing at 515 East 100 South in Salt Lake City. Global Leadership; Board of Directors —The multifamily investment market showed signs of a turnaround in Q3 as sales volume rose to $713 million, the CBRE is pleased to release its H1 2023 Mid-Atlantic Multifamily review, highlighting the most current and comprehensive data available for the region. S. This is a 66% decrease in sale In this report, we explore the key drivers of the next generation of multifamily living. About CBRE; CBRE | TEXAS MULTIFAMILY MARKET REPORT | Q1 2023 Preface We are pleased to release our Q1 2023 Texas Multifamily Market Report. As a subset of the overall 2023 Global Investor Intentions Survey, conducted in late 2022, this report reveals expectations of investors specifically CBRE’s Indianapolis office is the only truly full-service commercial real estate firm in Indiana, and has been since its inception in 1981. Our multifamily advisors at CBRE in Colorado work as one team to deliver superior results to our clients. THE FULL REPORT 2,695 2,466 2,865 4,727 5,382 5,404 4,733 5,272 4,052 1,683 3,403 1,298 0 1,000 2,000 3,000 4,000 5,000 CBRE CHICAGO MULTIFAMILY I 10. 4% increase in capital values in the six months to September 2024. Regional Share of Housing Shortage About CBRE Group, Inc. MULTIFAMILY SUBMARKET REPORT FOR MORE INFORMATION: Beatrice Camplone Client Services Coordinator D: 954-331-1794 beatrice. In this role, Sean was responsible for the direct management of 80 sales professionals and 130 support personnel. Find the ideal office, industrial or retail property for your team or source specialized spaces for ‒ Greater Des Moines multifamily vacancy decreased 50bps to 3. Denver Multifamily Figures Report Q4 2024. Investors may want to take a closer look at older multifamily properties based on a CBRE Research finding that those built before 2010 have averaged 4. 72% in Q1 2023. multifamily construction starts are expected to be 74% below their 2021 peak and 30% below their pre-pandemic average. CBRE is pleased to present the Hampton Roads Multifamily Market Report, the most relevant sales, rental, and submarket information. CBRE has identified four classifications of markets with similar multifamily rent growth patterns since the start of the pandemic: Sun Belt/Mountain, Urban Hubs, Midwest/Northeast and Florida. Liquid multifamily debt capital markets, which includes traditional lending sources and alternative lenders like debt funds and mortgage REITs, will further stabilize and could even compress cap rates—even as interest rates rise. Unlevered internal rate of return (IRR) targets rose by 29 bps in Q3 to 7. Looking at the fourth quarter of 2020, market demand remained strong despite the COVID-19 pandemic and the resulting economic recession. Austin ranked #5 overall in CBRE’s 2024 Scoring Tech Talent report, moving up one spot as its tech talent workforce grew 29. Of the 20 leading markets in the report, Charlotte was one CBRE announced today that a market-leading multifamily investment sales team has joined CBRE Capital Markets in South Florida to expand the firm’s presence in the region. Investor Type. 8 MARKET SNAPSHOT OCCUPANCY JACKSONVILLE TALLAHASSEE PENSACOLA GAINESVILLE CRESTVIEW/FORT WALTON BEACH/ The CBRE UK Multifamily Index reported a 0. (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. has an estimated shortage of 3. Produced by Peyton Cox, Calvin Griffith, Andrew Blackmon and CBRE Research, this report was assembled by local experts to empower decision making and inform those interested in multifamily in the Hampton Roads Metro. Produced by Peyton Cox, Calvin Griffith, Andrew CBRE Multifamily CBRE Multifamily CBRE Multifamily. From the coast to the Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. xeo khmdv xcin xlkibwsi nqyhnsqk ejydpvt yeyvj zlmmdowd xzea sckh