Offerd

Discover how Offerd is transforming commercial real estate with innovative technology and a unique buy-side focus. Our platform predicts market trends and drives actionable deals, tailored to your needs. Experience comprehensive representation and strategic advantages for successful transactions. Learn more about our approach and the latest market insights in our newsletter. https://lnkd.in/gwqgbEr8 🔗 Read the Full Offerd Newsletter for Cutting-Edge CRE Insights https://lnkd.in/gwqgbEr8 #CREInnovation #OfferdAdvantage #RealEstateTrends

📊 As we enter the second half of 2024, the multifamily real estate market is evolving with new trends and opportunities. Development is slowing, and interest rates might dip, but where should we focus our attention? Industry experts share insights on the key dynamics shaping H2 2024, from maximizing smaller amenity spaces to increasing transaction volumes and the role of tech in property insurance. Discover the top 10 multifamily trends that will impact design, development, investment, and finance for the rest of the year. Read the full article here: https://lnkd.in/eT8Yjc-v

🏙️ Chicago and Silicon Valley Challenge Miami as Hottest Rental Markets As the summer moving season begins, the U.S. rental market is seeing some intriguing shifts. Miami continues to reign as the most competitive rental market, solidifying Florida's appeal among apartment hunters. However, new contenders are emerging, shaking up the landscape. Suburban Chicago has made a remarkable leap to become the second-most competitive rental market, fueled by the "hipsturbia" trend. These suburbs offer the perfect blend of urban amenities and suburban affordability, attracting Millennials and Gen Zers seeking vibrant, walkable communities. Silicon Valley, revitalized by a booming tech sector and significant investments in AI, has skyrocketed to the sixth hottest rental spot in the country. This resurgence is drawing more professionals to the area, intensifying the competition for rental properties. In the Northeast, the small markets are dominated by places like Lehigh Valley, PA, which tops the rankings. The region's limited supply of apartments is driving up demand, making it a hotbed for renters. Nationally, the Rental Competitiveness Index (RCI) stands at 73.4 out of 100, indicating a moderately competitive market. Interestingly, 62.4% of U.S. renters are renewing their leases, a slight increase from last year. This trend is partly due to renters securing better deals and incentives for lease renewals. As the moving season heats up, it's clear that finding a rental is becoming increasingly challenging. Whether you're drawn to the sunny allure of Miami, the suburban charm of Chicago, or the tech-driven energy of Silicon Valley, the competition is fierce. Read more about these dynamic rental markets here: https://lnkd.in/g79iz82E

The market is showing increased activity compared to last year, with more Letters of Intent (LOIs) and a narrower pricing gap between buyers and sellers. Our firm has seen a significant rise in transaction volumes and ongoing negotiations, indicating green shoots after 2023's downturn. Factors include eager investors, adjusted seller expectations, and distressed asset sales. Read the full article: https://lnkd.in/gmmA8Pep

We are thrilled to announce a major enhancement to our platform: On Market is now available for all our users!   With this exciting new feature, you can effortlessly search through the largest inventory of marketed deals, all in one convenient location. Whether you're looking for your next big investment or seeking new opportunities, On Market has you covered.   But that's not all—our team of expert Offerd brokers is ready to assist you every step of the way. They are here to help you secure more deals and achieve even greater success.   Don’t miss out on this game-changing update. Click the link to log in to the Offerd platform and start exploring today! https://lnkd.in/gAJdfFg9   Not an Offerd user yet? No problem! Click this link to create a free user account https://lnkd.in/gHmcUyWs

🚀 Exciting Insights into the Multifamily Market! 🚀 The multifamily sector remains resilient amid challenges, driven by steady demand from job growth and immigration. However, key metrics like rent growth and occupancy have softened since 2022. The capital markets continue to be a hurdle until interest rates decline. The U.S. economy shows mixed signals, with robust employment and consumer activity, but also stress on lower-income households. Inflation is slowing, but not enough to prompt significant Federal Reserve rate cuts. Key highlights: -Weak rent growth persists, with absorption steady at nearly 300,000 units nationally. -Supply growth peaks in 2024 and 2025, especially in high-growth Sun Belt and Mountain West markets. -Transaction activity remains low due to high rates, but investors are ready to buy when prices align with yield targets. -Debt challenges continue, with agencies and debt funds playing a bigger role while many banks remain cautious. For an in-depth analysis, read the full report here: https://lnkd.in/gmAEy37Y #Multifamily #RealEstate #MarketTrends #EconomicOutlook #Investment

Multifamily performance was positive in May, but ongoing healthy demand is counterbalanced by the robust delivery pipeline in some markets. Meanwhile, with high interest rates continuing to put a lid on transactions, investors in search of deals may have to consider such creative alternatives as distressed properties, underserved markets and niche property segments. Read More about Modest May Growth for Multifamily in Matrix Multifamily National Report-May 2024 here: https://lnkd.in/gkMA4wT6

Strong Las Vegas Market Buoys Rents Las Vegas posted strong economic expansion in 2023, up 4.1 percent and more than double the 2.0 percent national average, keeping demand healthy. Rents rose 0.3 percent on a T3 basis through March to $1,465, outperforming the national rate by 10 bps. Read more in Las Vegas Rents Rebound- Matrix Multifamily Las Vegas Report here: https://lnkd.in/ge4ScuY8

Charlotte Outdelivers Nation 🌟 Charlotte delivered 2,294 units in the first quarter, outpacing the nation but representing a pullback from last year’s significant volume. While 37,099 units are currently under construction, first-quarter starts decreased by 67 percent over the same period last year. Read more in the Matrix Multifamily Charlotte Report-May 2024 here: https://lnkd.in/gWwYUQRV

Apartment Rents Post National Monthly Growth of Over 1% in May Syracuse and Columbus rents were the fastest growing nationwide, while demand has shrunk in some of the biggest California cities. Read more here: https://lnkd.in/gQkG7W-C