Posts by: Joel Nelson

Tough Times Ahead?

Matrix Self Storage Update

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 […]

Energy

Make Energy Efficiency Fun

Tips from ENERGY STAR

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 […]

Energy, News

NYC Climate Law

Yardi Coaches for Compliance

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 […]

Smart energy strategy can benefit your business

Energy, News

Energy’s Future

Looking to 2050

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, […]

News

Tech Leadership

Yardi Stands Out in Survey

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 […]

Energy, Technology

ENERGY STAR Day

Celebrate energy savings

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 […]

News

A Safe Haven

Matrix Multifamily Market Update

Virtually all signs are positive for the U.S. multifamily market, notwithstanding a $1 decline in the average rent in September 2019. In fact, a new national report from Yardi Matrix characterizes the sector as “the picture of stability” amid slowing overall economic growth, gyrating equity markets and international trade tensions. Rents are up 2.9% year-to-date […]

Technology

New Tech Era

Realcomm Webinar

For decades, commercial property managers regarded information technology as a support function, one that was almost always isolated from the strategic direction of the business. Today, with virtually all property stakeholders expecting greater operational control and transparency, relegating IT to a peripheral or firefighting role is no longer an option. The consensus among Yardi’s Dhar […]

Energy, News

Energy Efficiency Day

It’s Happening Now

If encouragement to “save money; cut carbon; breathe easier” seems more prominent than usual where you live and work, it’s because today is Energy Efficiency Day, and that’s the key message the event’s organizers are promoting. A nationwide alliance of energy efficiency advocacy groups sponsors Energy Efficiency Day to share “tips, tools and stories that […]

News

Office Market Update

New Matrix Report

A new report from Yardi® Matrix shows that demand for U.S. office space remains strong, with office-using employment sector growth—which, at 1.7% year-over-year, tops overall non-farm employment growth—driving a 0.1% year-over-year street rate increase in August 2019. “Markets with lower-than-average vacancy rates and solid office-using employment growth continue to have the highest rate of year-over-year […]

News

Virtual Ease

Bill Pay Simplifies Payments

Paying for the materials and services that keep a property running smoothly has never been simpler or more convenient. That’s because Yardi Bill Pay now allows payments with Mastercard-branded virtual credit cards. Property managers can execute the entire vendor payment transaction process with a single-use virtual card number. The process embeds transaction-level controls and leverages […]

News

Migration Matters

New Matrix Research

U.S. migration from domestic and international sources continues to hold profound implications for the country’s economy and demographic composition. It’s also the subject of a new research report from Yardi Matrix. The report notes that the South, Southwest and West accounted for 80% of the population growth in the country’s top 50 metros between 1970 […]

News

Self Storage Update

High Supply a Mixed Blessing

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 […]

News

Office Sector Update

From Yardi Matrix

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 […]

News

Storage Going Cold?

New Yardi Matrix Report

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% […]

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