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  • Nareit Developments blog
    3/12/2015

    REITs in the Community: CyrusOne in Virginia

    James J. Williams (right) Legislative Director to Rep. Kenny Marchant (R-TX), a member of the House Ways and Means Committee, visits CyrusOne's Northern Virginia Data Center located in Sterling, VA. CyrusOne is headquartered in Carrolton, TX, which is based in Rep. Marchant's congressional district. 
  • Market Commentary Blog
    3/9/2015

    Job Growth Continues to Surprise on the Upside

    Payroll employment beat expectations again as nonfarm payrolls jumped 295,000 in February. Job growth has steadily accelerated, with the average monthly increase over the past 12 months moving up to 275,000, the strongest performance in a decade and a half. The unemployment rate moved down to 5.5%, the lowest since before the financial crisis. The question on everyone’s mind is, how long can this continue before an overheating job market prompts the Fed to put on the brakes? 
  • Market Commentary Blog
    3/6/2015

    Multifamily Markets Still Have a Wind at Their Back

    The multifamily housing market had a stellar performance in 2014, leaving everyone to wonder what comes next. Would the market take a breather, perhaps, as home sales start to pick up? And how much of a threat does the swelling construction pipeline pose to rents? Recent news from the job market suggests that rental demand has the wind at its back. In particular, employment growth of those aged 25 to 34—the prime years for signing a new lease on an apartment—has pulled ahead of all other age groups. 
  • Market Commentary Blog
    2/19/2015

    Construction of Multifamily Housing Continues to Ramp Up

    Construction of new multifamily housing increased to a 381,000 unit seasonally adjusted annual rate in January, as robust demand for rental housing and record prices of apartment buildings provide strong incentives to build new supply. Multifamily housing starts are running nearly four times the average pace during 2009 and 2010, prompting some fears of overbuilding. A peek a bit further back in time, however, casts the recent trends in a bit different perspective. 
  • Nareit Developments blog
    2/17/2015

    REITs in the Community: Indianapolis-based REITs

    Eric Holcomb (second from left) State Chief of Staff to Sen. Dan Coats (R-IN), who was recently appointed to the Senate Finance Committee, met with executives from several Indianapolis-based REITs to discuss a variety of issues critical to the REIT and publicly-traded real estate industry. Mr. Holcomb was briefed on the current status of REITs based in Indiana and the economic impact these and other REITs provide in communities across the country.
  • Market Commentary Blog
    2/12/2015

    Commercial Property Update 2014:Q4

    The apartment sector remains robust. Vacancy rates continued at 4.2%, a decade-low level that indicates little (if any) excess supply. An acceleration in the national job market has spurred household formation and continues to fuel strong rental demand. Rent growth eased to a 2.5% annual rate; this slowing may be due to seasonal demand weakness during the fall. 
  • Market Commentary Blog
    2/6/2015

    Job Market Off to a Roaring Start in 2015

    The job market got off to a roaring start in 2015—and, as it turns out, hiring was also stronger at the end of 2014 than was initially reported. According to the most recent data, nonfarm payroll employment rose by 257,000 in January, and the average monthly growth for Q4 was revised up to 324,000—well above the 289,000 that was previously published (chart 1). Most sectors posted robust job gains, including construction, manufacturing, retail trade, business services, and health care and hospitality. Government employment declined slightly.

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