South Florida’s industrial rental market has undergone what one industry expert describes as a necessary correction, with tenant pushback against inflated rents serving as the ultimate market signal that separated sustainable pricing from post-COVID speculation. Jason Abitbol, Senior Investment Advisor at Apex Capital Realty, says the industrial market underwent a necessary correction as tenants pushed ...
Chicago’s south and southwest neighborhoods are facing a sharp correction as speculative development during the pandemic era collides with rising property taxes and stagnant rents. Kevin Rocio, founder of ROC Advisory Group and a multifamily specialist with 38 deals closed this year, warns that these areas are now suffering from overvaluation, with property tax increases ...
The real estate development industry has a predictable problem, according to Erik Hayden, founder of Urban Catalyst, when market conditions shift, the biggest players move in lockstep, creating opportunities for those willing to think differently. Hayden notes that institutional developers and major homebuilders often move in unison during market downturns, following each other’s actions rather than ...
Downtown Buffalo has the key ingredients for successful office-to-residential conversions, including vacant buildings, transit access, and proximity to major institutions. Yet, despite these advantages, many projects remain stalled. Michael Puma, Principal and Project Manager at Preservation Studios, attributes the delay not to regulatory or financial issues but to a structural coordination problem: potential developers and ...
The premium real estate market in Rhode Island’s most desirable coastal towns operated more like an exclusive club than a competitive marketplace until recently, according to one broker who successfully challenged the status quo. Matthew Antonio, broker/owner at Corcoran Chart House Realty, says that when he entered Barrington’s premium market in 2018, nearly 90% of ...
Miami’s transformation from seasonal playground to permanent home base represents a fundamental shift that’s reshaping luxury real estate demand patterns in ways most industry observers are still underestimating, according to a veteran agent tracking the migration firsthand. Joelle Oiknine, a Senior Global Real Estate Advisor at One Sotheby’s International Realty, says Miami’s pandemic-era influx of ...
The real estate market in the DC metro area is shifting focus toward Virginia, with investors and buyers increasingly drawn to the state’s business-friendly environment and technology sector growth. Jesse Elliott, Managing Partner of The Ellitan Group, shared his perspective on where the most promising opportunities are emerging and what factors are driving this geographic ...
The residential real estate market in Fort Lauderdale is facing a combination of rising housing costs, increased regulatory compliance expenses, and growing consumer debt, all of which are changing homeownership patterns in the region. John Clarke, founder of Clarke Law PA and an attorney with nearly nine years of experience in estate planning and real ...
Florida’s post-Surfside condominium safety laws are placing new financial and regulatory burdens on condo owners, fundamentally altering the residential market across South Florida. John Clarke, founder of Clarke Law PA and an attorney experienced in estate planning and real estate transactions, outlines how these changes are driving up costs and forcing many owners to reconsider ...
The real estate market in the Philadelphia suburbs is undergoing a geographic expansion as affordability concerns and new development push buyers beyond traditional boundaries. Jean Simcox, a realtor with Exceed Realty, says that rising prices and new construction are redrawing the map for both homebuyers and investors. Simcox works with many buyers who quickly realize ...
Rhode Island’s real estate boom may be setting the stage for a market correction, according to leading coastal broker Matthew Antonio, broker/owner at Corcoran Chart House Realty, who warns that rapid price growth is increasingly shutting local residents out of homeownership. Antonio says the affordability crisis is already evident, noting that it has become increasingly ...
Historic preservation developers are making a critical error that’s costing them time, money, and project viability, according to one industry expert who has processed over $1.3 billion in historic tax credit projects. Michael Puma, Principal and Project Manager at Preservation Studios, says the most frequent mistake he encounters is developers engaging preservation consultants too late ...
Madison’s residential market is confronting one of the most severe housing shortages in the Upper Midwest, with new construction consistently trailing far behind rapidly expanding household demand. According to Charlie Wills, founder and lead broker at The Wills Agency, the scale of the shortfall has reached a point where current building patterns cannot meaningfully reduce ...
Epic Systems, Madison’s largest private employer, operates with a high-churn employment model that has significant implications for both its internal productivity and the surrounding housing market, according to Charlie Wills, founder and lead broker at The Wills Agency. Epic’s roughly 25% annual turnover rate creates an environment of constant onboarding and offboarding, affecting organizational continuity ...
St. Joseph’s housing market is using a state incentive program to address local housing shortages and support development, according to Kelly Ewalt, Development Director for the city, St. Joseph. Ewalt recently outlined how Michigan’s brownfield tax increment financing (TIF) program is helping developers overcome cost barriers and increase housing supply. Ewalt clarified that Michigan’s brownfield ...
