The persistent shortage of available housing in the U.S. and the various challenges the construction industry is facing with delivering new product have been well-documented recently. Yet over the past few years, some markets have significantly upped the number of apartment units they have under development. Here’s a breakdown of where RentCafe noted apartment completions reaching their five-year peak in 2022.
Rent gains are finally starting to slow in many parts of the U.S., cooling a years-long boom that sapped affordability from coast to coast. Landlords have little choice but to ease off big increases: Demand from tenants is suddenly sinking.
“It’s not going to get solved in the next few weeks -- it will probably take some several months and there is no hard deadline on this,” Executive Director Gene Seroka, whose port is the nation’s busiest, said in an interview at Bloomberg’s New York headquarters Monday.
New research from JLL indicates consumers are eager to shop in store this holiday season and to maintain a healthy level of spending. Net lease REITs are outperforming the broader real estate index, according to Seeking Alpha. These are among today’s must reads from around the commercial real estate industry.
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