Matrix
Growing Demand Shapes Miami
South Florida’s favorable tax environment, affordable cost of living and diverse economy contributes to Miami’s reputation of an ever-growing market.
Self Storage Rents Still Down Year-Over-Year
Despite robust growth in western markets, street-rate rents dropped 3 percent nationally as of June 2018.
Rising Rates Fuel Steady Growth in Austin
Although the city’s rapid upswing is starting to come down to earth, the metro’s office market benefits from strong job gains, high occupancy and a moderate pace of development.
San Antonio Steady as It Grows
Healthy fundamentals, ideal geographical positioning, diverse economy, skilled workforce, and good infrastructure make San Antonio one of the fastest growing cities in the U.S.
Phoenix’s Continuous Momentum
Phoenix’s office market continues to bloom, as a result of increased interest from tech companies attracted by the metro’s business-friendly climate.
Strong Supply Takes Toll on Self Storage Rent Growth
Accelerated construction has dampened growth across the U.S. during the past couple of quarters, with rates declining in several large markets. Nonetheless, a number of key metros continue to offer development opportunities.
Manhattan Office Landscape Stands Steady
Midtown South and Chelsea are adding firms in the technology, advertising, media and information industries, while some financial companies ponder a shift to Hudson Yards, where more than 10 million square feet are expected to come online over the next few quarters.
Development’s Return in Los Angeles
Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.
Riding the Tech Boom in Seattle
Amazon and Google continue to boost office construction and leasing activity across the metro, drawn by a skilled workforce and booming economy.
Maintaining Balance in Portland
As the local economy is shifting from electronics hardware and manufacturing toward software and web services, demand for office space remains strong across the metro, especially in high-profile submarkets such as the CBD and Pearl District.