Joel Nelson

Self Storage Update

Will too much of a good thing hurt the U.S. self storage industry? Possibly, but elevated supply is just one uncertainty surrounding the sector, which was the subject of a recent update presented by Yardi Matrix. Those who invest, manage and develop self storage properties have some positive economic data on their side, such as […]

09 / 19 / 19

Office Sector Update

The U.S. office property market stayed on the upswing in July, with asking rates increasing 1.1% year-over-year. Office-using jobs increased 1.7% in the same period, driven by the computer design services portion of the professional business services segment, according to a new national report from Yardi® Matrix. Additional good news includes a robust late-cycle construction […]

09 / 05 / 19

Storage Going Cold?

Headwinds are on the rise in the U.S. self storage sector, even as self storage facility developers continue to break ground on new projects amid favorable economic and demographic dynamics. The implications of high supply levels are the focus of a new report from Yardi Matrix. Street rates plummeted in July 2019, dropping by 2.5% […]

08 / 27 / 19

Sunny Outlook

Solar power is a burgeoning alternative energy source that accounts for 1.6% of total U.S. electricity generation and encompasses enough installed capacity to power 12.3 million homes. It’s the second-fastest source of new generation on the U.S. power grid, but it’s not flawless. Arrays that capture solar energy don’t work at night or when obscured […]

08 / 27 / 19

Nearing Zero

The processes and technology needed to start moving to “net zero” buildings—those that produce enough renewable energy to meet their annual energy consumption requirements—are available today. How to make them widely understood, accepted and implemented was the focus of a recent webinar featuring Akshai Rao, Yardi vice president of procure to pay and energy, and […]

08 / 20 / 19

Brisk Office Sector

Demand for office space remains strong and the supply pipeline shows continuing strength, according to a national office report from Yardi Matrix. Average asking rates increased 1.7% over the six-month period ending in June 2019, matching office-using employment sectors’ year-over-year growth rate that month. The national vacancy rate was 13.5%, 20 basis points below the […]

08 / 13 / 19

Yardi Matrix

Affordable housing advocates hail New York state’s Housing Stability and Tenant Protection Act of 2019 as a life raft for renters in more than 1 million apartments in New York City alone. Other observers, however, regard it as a minefield that will eliminate incentives for building upkeep, remove housing stock from the market, and drive […]

08 / 01 / 19

Affordable housing

Energy Automation

Dallas-based multifamily community manager Pinnacle sought to reduce utility late fees and increase vacant utility cost recoveries at 170,000 residential units that it manages. “We needed to automate the entire process—payables, receivables, consumption data analysis and reporting that drilled down to a granular level of detail,” said Nicole Ellery, the company’s ancillary performance manager. Doing […]

07 / 29 / 19

Energy Suite

Retail Rewards

The sustainability framework that leading retail property owner, operator and developer Macerich operates under calls for eliminating energy waste and nearly eliminating emissions, water waste and landfill impact. Evidence of Macerich’s success in translating these “Innovating to Zero” principles into best practices includes a No. 1 GRESB Benchmark ranking for four years running among North […]

07 / 24 / 19

Energy Education

Yardi didn’t have to venture far recently to share sustainability expertise with an audience eager for innovative energy efficiency ideas. The company provided top-level sponsorship plus an exhibit and speaker for the California Higher Education Sustainability Conference (CHESC), a forum for research and case studies at the University of California, Santa Barbara, just a few […]

07 / 14 / 19

Energy Suite

Pedestrian Power

“Big city” usually evokes buses, motorcycles, metro trains and cars. Beyond looking pretty and offering temporary respite from the bustle, does walkability—the ability to walk from home to shopping, dining, entertainment and employment spaces—add tangible value? Very much so, according to a new report that Yardi Matrix joined forces on with industry, academic and advocacy […]

07 / 03 / 19

CRE Standouts

The annual Realcomm ׀ IBCon conferences recognize real estate companies, projects, technologies and people for excellence in automation, technical innovation and intelligent building projects. Outstanding contributors over the past year received Commercial Real Estate Digital Innovation Awards, known as Digies, at the most recent Realcomm ׀ IBCon conferences in Nashville, Tenn. Digies are among the highest […]

07 / 01 / 19

Realcomm Recap

Yardi contributed hugely to the success of the recent Realcomm ׀ IBCon conferences, an annual premier event in the commercial real estate industry, by showcasing innovative technologies that control revenue and expenses. Yardi focused on the benefits of Yardi Elevate, Yardi Kube and Yardi Pulse. These product suites blend business intelligence from Yardi Matrix with […]

06 / 27 / 19

Events

Climate Cleanup

The Climate Mobilization Act is a package of legislation designed to drastically reduce carbon emissions from New York City’s commercial properties. It covers everything from closing high emitting power plants and installing renewable energy sources to limiting emissions from buildings of over 25,000 square feet. A major component of the proposal, Local Law 97 (formerly […]

06 / 26 / 19