What I'm Reading Spreading Out: There is building anecdotal evidence that a substantial portion of surging demand for housing is due to the US undergoing another episode of average household sizes shrinking, much as it did in the 1970s. Calculated Risk Whack a Mole: People are ricocheting between skyrocketing rents...
October 11th – No Vacancy
What I'm Reading No Vacancy: Apartment vacancies hit another low in September, according to RealPage, declining to 2.7%, with rents hitting all-time highs. Globe Street A point of interest here is lender underwriting. One thing that has kept the market (sort of) in check is that multifamily properties are typically...
March 5th – Wild West
What I'm Reading Wild West: The non-fungible token (NFT) trend is coming to commercial real estate as platforms look to tokenize assets via blockchain technology in order to provide more flexibility to investors. This segment of the market is fascinating to me but there a ton of potential major pitfalls. ...