Joel Nelson

Office Market Update

Here are some key findings in the most recent U.S. office property report from Yardi® Matrix. All figures are as of October 2019 unless otherwise noted. Demand for office space remains strong, with office-using sectors adding 545,000 jobs over the past 12 months. One of every three jobs added in the 12 months ending in […]

12 / 18 / 19

New Energy Regulations

Yardi recently hosted a series of webinars for property owners in the U.S. and Canada facing the prospect of complying with a raft of energy, water and waste benchmarking requirements. A new statewide ordinance in California, measures in a host of municipalities and the Energy & Water Reporting and Benchmarking Regulations (EWRB) in Ontario, Canada, […]

12 / 16 / 19

Beat the Cold

Those summer tees and shorts are but a memory. With fall here and winter on deck, how do you stay comfortable at home without spiking your utility bills? Here’s a compilation of tips from the U.S. Department of Energy and other sources. Study up. Conduct an energy audit to find out where you can save and invest […]

12 / 11 / 19

Energy Suite

Reporting Reprieve

Private and nonprofit organizations faced a tall order in February 2016. That’s when the Financial Accounting Standards Board issued new accounting standards requiring lessees to report real estate liabilities on their balance sheets. The standard was set to take effect by mid-December 2019, but FASB issued a one-year extension in October that gives such companies […]

12 / 04 / 19

Multifamily Rolls On

The latest Yardi® Matrix U.S. multifamily market update illustrates good overall performance in the sector, with strong demand, steady new supply and consistent rent growth among the key characteristics. Demand for multifamily housing, driven by rising divorce rates, an aging population, and young people delaying marriage and raising children, figures to remain strong for the […]

11 / 12 / 19

Shared Space Moving Up

The coworking industry is growing rapidly, encompassing 93.2 million square feet in the top 50 U.S. office markets and making inroads in suburban spaces as well. A new special report from Yardi Matrix portrays a practice that thrives in cities with large technology sectors and in markets with office vacancy rates significantly below the 13.5% […]

11 / 07 / 19

Coworking

Office Party

The U.S. office market is holding steady amid faltering economic indicators and the prospect of a recession in two years. The industry’s status was the subject of a recent webinar presented by Jeff Adler, vice president of Yardi Matrix, and Jack Kern, director of research and publications. They pointed to favorable U.S. economic conditions that […]

11 / 05 / 19

Urban Office Supply

A new report from Yardi® Matrix illustrates that new office property supply in the U.S. is becoming increasingly urbanized, an occurrence that’s at odds with historical trends. Suburban properties constituted at least half of new deliveries every year for the decade preceding. Today, “only 31.3% of square footage under construction is in suburban submarkets,” the […]

11 / 01 / 19

Tough Times Ahead?

New deliveries continue to tamp down street rates in almost all U.S. self storage markets. Ground-up projects in secondary markets plus conversions and expansions in highly regulated markets are elevating supply levels, putting the industry through a “rough slog” for the foreseeable future, according to a new report from Yardi® Matrix. In September 2019, street […]

10 / 28 / 19

Make Energy Efficiency Fun

Commercial building owners and managers, especially those equipped with the Yardi Pulse Suite, can lead the way in optimizing energy consumption. But with tenants accounting for as much as 80% of the energy used in office buildings, energy efficiency requires nothing less than a full team effort. ENERGY STAR® suggests making the quest for energy […]

10 / 25 / 19

NYC Climate Law

New York City’s Local Law 97, part of a package of legislation comprising the Climate Mobilization Act, was enacted in May. It’s designed to drastically reduce carbon emissions by imposing stringent carbon emission limits for most commercial properties over 25,000 square feet. Impacting more than 57,000 buildings and aiming to reduce carbon emissions 80% by […]

10 / 24 / 19

Energy Suite

Energy’s Future

What’s the future of worldwide energy consumption? A recently published study of international energy markets through 2050 offers some clues. The U.S. Energy Information Administration (EIA), the U.S. Department of Energy’s statistical and analytical agency, conducts annual long-term assessments of world energy markets. The EIA characterizes its compilation of current trends and relationships among supply, […]

10 / 23 / 19

Energy Suite

Tech Leadership

A survey of property owners, operators, real estate investment trust and developers conducted by KPMG LLP confirms Yardi’s leadership as a real estate technology provider. KPMG, a global professional services firm, reported that: Forty-four percent of survey respondents claim Yardi as their property accounting general ledger system provider. The next most popular provider is cited […]

10 / 18 / 19

ENERGY STAR Day

Tuesday, Oct. 22, 2019, is ENERGY STAR Day, described by the U.S. Environmental Protection Agency as “a celebration of energy efficiency” and a means to raise awareness of the benefits of favoring products and properties with ENERGY STAR® certification. And there’s a lot to celebrate. On average, ENERGY STAR-certified buildings use 35% less energy than […]

10 / 18 / 19