Tag: Yardi Matrix

New Office Insight

Yardi Matrix Update

Here are some highlights of the most recent U.S. office property report from Yardi Matrix: Office-using employment increased 1.6% year-over-year in November 2019. The average asking rate increased 2.3% year-over-year that month while the vacancy rate fell 10 basis points to 13.6%. Growth in demand for office space as measured by office-using employment is heavily […]

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Rate Weight

Self Storage Update

A new report from Yardi Matrix shows that elevated supply levels continue to weigh on U.S. self storage street rates, which fell 1.7% year-over-year in November 2019 for standard 10×10 non-climate-controlled units and 3% for climate-controlled units of the same size. Self storage projects under construction nationwide accounted for 9% of the total existing national […]

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Office Market Update

From Yardi Matrix

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 […]

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A Match Made in Heaven

Self Storage + Multifamily Housing

The 2020 NMHC & Kingsley Apartment Resident Preferences Survey reports that 71 percent of rural renters and 70 percent of suburban renters ranked “additional storage outside apartment” as a top interest. Many multifamily properties, however, are not equipped with storage units for renters. Self-storage facility managers can fill the gap and benefit from a steady […]

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Multifamily Rolls On

Yardi Matrix Update

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 […]

Coworking, News

Shared Space Moving Up

Matrix Special Report

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% […]

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Market Trends

Make Room for 3.6 Million Families

Have you found it easier to move those three-bedroom units than before? For decades, larger units were tougher to rent. That narrative has changed in the recent years. New data projects the trend is likely to continue—and 3.6 million families may enter the rental market. Single-family rentals have experienced an ascent in popularity. The demand […]

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Office Party

Yardi Matrix Industry Update

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 […]

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Urban Office Supply

Matrix Industry Update

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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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