Northmarq Central Texas Investment Sales’ Post

TECH v. REAL ESTATE IN AUSTIN, TEXAS 🏢🏢🔌Curious about the tech industry's impact on Austin's real estate scene? 🌇 Let's dive in! 🤩 💡✨Austin's tech boom has been a game-changer for the city's real estate landscape. With heavyweight companies like Apple, Google, and Tesla expanding their operations, we've seen an unprecedented demand for housing. 📈🏡 According to the Austin Chamber of Commerce, the tech sector in Austin has grown by a whopping 25% over the last five years, further cementing Austin's reputation as a thriving tech hub. 🌆✈️This influx of tech giants has brought a wave of highly skilled professionals to our city, creating a vibrant job market and a pressing need for diverse housing options. From sleek condos in the heart of downtown to cozy suburban communities, Austin is transforming to welcome its new residents. The Austin Board of REALTORS® (ABoR) notes that median home prices have surged by over 40% since 2019, reflecting the tight competition for homes in this booming market. 👩💼💼The ripple effects of the tech industry's expansion extend far beyond just tech employees. This growth spurs economic development and job creation across various sectors, drawing in investors and entrepreneurs. The Greater Austin Chamber of Commerce highlights an impressive multiplier effect, with every tech job created in Austin generating an additional five jobs in other industries. This economic vibrancy has injected new life into the real estate market, making Austin a magnet for both buyers and sellers. 🌇🏠However, the surge in demand and rising home prices highlight a pressing challenge: affordability. As some residents struggle to keep pace with the escalating costs, initiatives like the City of Austin's "Affordability Unlocked" program aim to increase affordable housing units by easing zoning and development restrictions. Neighborhoods like Easton Park are cropping up in areas east of Austin with 14,000 homes on 2300 acres to help accommodate the influx of residents with pricing beginning in the $300s. This balance between growth and inclusivity is crucial for preserving Austin's unique charm and welcoming spirit. 🌐📲As we witness the tech industry's profound impact on Austin's real estate, it's clear that the city is undergoing an exciting transformation. Whether you're a tech aficionado or a homeowner, these developments promise a fascinating future for Austin's housing market. 👉🗣️Have you noticed any changes in your neighborhood due to the tech industry's influence? Share your thoughts in the comments below! Let's engage in a vibrant community dialogue. 👇💬 #AustinRealEstate #TechBoom #CityTransformation #HousingMarket #AustinTech #GrowingPains #CommunityDialogue #atx

The ultrawealthy are increasingly turning to the multifamily sector as an investment. Over the past 10 years, some of the world's richest have more than doubled their investments in apartments globally, with a particularly heavy emphasis on the U.S. Multifamily seems to have traded places with office properties when it comes to billionaire investment. Prior to the pandemic, the office market was booming, and owners could make a sizable return on investment with a prize tower in a busy metro. Now, however, with the popularity of remote working and office vacancies, billionaires have pivoted. Multifamily was the most popular asset class among all investors in the second quarter. Housing demand has been on the rise. This has led to a surge in rent growth, albeit one that has been slowing, from a 17.6% national annual increase in 2021 to 3.5% in 2022 and 2.5% year-to-date. With oversupply being an issue in the multifamily market and more units on the way, properties have become cheaper to acquire in the last year.

Big News in the 'Expansion West' - Georgia Tech's #ScienceSquare project has been taking shape and will help in redefining Atlanta's lower-west side. How does that help the everyday home buyer and/or #firsttimehomebuyer? As more and more development happens, anything between #condos, #townhomes, and #singlefamilyhomes grow in their value. When you purchase before or during these projects, you can gain substantial #equity that you access when you refinance and/or resale. Great zips that I'm personally watching right now? 30303, 30313, 30314, 30312, 30363, 30318, 30310, and 30315. What zip codes are you trying to call home in #Atlanta?

What's up, #MarketMonday folks! 🌟 Kameron here, dropping the latest from the Seattle-Tacoma metro where things are heating up in the housing market! 🔥 Seattle-Tacoma is gearing up for a massive year with new apartments set to address the ever-growing demand for housing. We're looking at a whopping 11,500 apartments expected to hit the scene in 2024, making it a landmark year for supply additions in the region. 🏗️🏠 Despite a lower-than-needed number of single-family permits issued last year, these new multifamily units are a beacon of hope, particularly for those parked on the home-buying sidelines. Even with the surge in deliveries, local areas like Redmond, West Bellevue-Mercer Island, and East Bellevue-Issaquah are holding strong with vacancy rates staying under 5.5%, thanks to their sky-high home values keeping apartment vacancies lower. 📉 Over in north Pierce County, a whopping 60% of Tacoma’s new housing supply for 2024 is targeted here. Although this might push North Tacoma’s vacancy to a 15-year high, the broader availability and enticing discounts for these newer units are likely to attract a good number of renters. 🌆 And let’s not forget the job scene—thanks to major expansions by giants like Amazon, Meta, and TikTok, the job growth in Seattle-Tacoma is expected to outpace all other major West Coast markets this year, further fueling housing demand. 💼📈 So, whether you're looking to invest or find your next home, Seattle-Tacoma's multifamily market is bustling with opportunities that are too good to miss. Keep your eyes on this space, and let’s make the most of these dynamic market conditions! 🚀 #SeattleTacomaRealEstate #HousingDemand #MultifamilyBoom #MarketInsights #RealEstateTrends

Here's some great info from Fast Company and Parcl Labs-- the highest and lowest single-family housing market gross rental yields. The highest: Cleveland: 8.4% Buffalo-Cheektowaga: 8.1% Chicago-Naperville-Elgin: 7.8% Detroit-Warren-Dearborn: 7.5% Pittsburgh: 7.4% The lowest: San Jose-Sunnyvale-Santa Clara: 3.2% San Francisco-Oakland-Fremont: 4.1% Los Angeles-Long Beach-Anaheim: 4.2% Salt Lake City-Murray: 4.3% San Diego-Chula Vista-Carlsbad: 4.4% Are you surprised by any of the cities on these respective lists? #RentalMarket #RentalRealEstateMarket #FastCompany

Part of doing extensive market research is reading about how and why projects come together, especially when there is information that can be helpful for other cities and states. Ideally, it gets you thinking about and looking for similar possibilities in your area. Just because you currently don't have the funding or the bandwidth to take it on should not be a reason to hesitate. That is why I help my valued clients, and sometimes my connections, with suggesting partnerships and various means of financing. At the moment I am helping a developer to spread his proposed mixed use project into a series of loans and partnerships for greater emphasis on each phase. It's not about knowing what a potential partner can do. It is knowing what they have already done. My team and I can make the difference when it comes to getting your real estate project off the ground. Here is the story, and helpful info, on a Silicon Valley project: https://lnkd.in/gXJ_UTQb #MixedUse #ShoppingMall #mall #RealEstate #RealEstateInvesting #partnership #partnerships #SiliconValley #California #Ohio #SanJose #firstin #MarketResearch

🏙️ The landscape of multifamily development is evolving rapidly, with a surge in taller and larger buildings reshaping skylines across the nation. According to a recent report by the Wall Street Journal, developers are capitalizing on relaxed zoning regulations and increased investor interest in smaller cities, resulting in a significant uptick in the number of rental apartments hitting the market. With over 2,900 buildings boasting more than 200 apartment units added between 2021 and 2023 alone, this trend marks a substantial departure from previous years. This shift reflects not only the changing economics of the industry but also responds to the current dynamics of the housing market, where rising construction costs and limited land availability are driving developers to build bigger and taller. Despite evolving market conditions, the appeal of rental housing remains strong, particularly amidst record pricing and constrained inventory in the for-sale market. As multifamily development continues to upsize, it presents exciting opportunities for investors and communities alike. Read more about this transformative trend in the full article linked below. Website: mclennanindustrial.com Bio: https://lnkd.in/gJihJmJ9 Google Business Page: https://lnkd.in/g95RaEWn YouTube: https://lnkd.in/gMXqxPVJ Instagram: https://lnkd.in/gkHKXrTD Facebook: https://lnkd.in/gBk5DKTd Twitter: https://lnkd.in/g4f-8_aJ TikTok: https://lnkd.in/gBxGEgDx #PugetSound #TenantRepresentation #LandlordRepresentation #SIOR #CCIM #IAMC #NAIOP #CRE #CommercialRealEstate #IndustrialRealEstate #Industrial #Logistics #Manufacturing #Warehouse #Seattle #Tacoma #KidderMathews #Kidder #SupplyChain #CommercialLand #WarehouseSpace #Warehouse #KingCounty #PierceCounty #ThurstonCounty #Seattle #Tacoma #RealEstate #SupplyChainManagement

Multifamily property owners, are you still using outdated locks on your multifamily property? Do you want to offer your residents a better and more convenient living experience? Do you know how much time, money, and hassle you are wasting on managing keys and manual programming – all the while not being able to take advantage of the time-saving benefits of the latest technology? It’s time to upgrade to the Schlage Control Mobile Enabled Smart Lock. 💡 This innovative lock eliminates the need for keys, wires, and at-the-door programming. 👍 Its open architecture allows you to choose the proptech provider that best suits your needs and preferences, ensuring freedom of choice now and in the future. ⏱️ Designed for multifamily properties, it lets you assign and change access rights remotely, without visiting the lock, which means your staff can spend more time on the things that generate business. 📱 This mobile enabled lock also allows your residents to use their smartphones and/or smart credentials to access their units, providing enhanced security and convenience. By upgrading to the Schlage Control Mobile Enabled Smart Lock, you will save time and money, increase operational efficiency, and improve resident satisfaction. Contact us today to transform your property and your business with the Schlage Control Mobile Enabled Smart Lock! http://ms.spr.ly/6048cpZUy

Multifamily property owners, are you still using outdated locks on your multifamily property? Do you want to offer your residents a better and more convenient living experience? Do you know how much time, money, and hassle you are wasting on managing keys and manual programming – all the while not being able to take advantage of the time-saving benefits of the latest technology? It’s time to upgrade to the Schlage Control Mobile Enabled Smart Lock. 💡 This innovative lock eliminates the need for keys, wires, and at-the-door programming. 👍 Its open architecture allows you to choose the proptech provider that best suits your needs and preferences, ensuring freedom of choice now and in the future. ⏱️ Designed for multifamily properties, it lets you assign and change access rights remotely, without visiting the lock, which means your staff can spend more time on the things that generate business. 📱 This mobile enabled lock also allows your residents to use their smartphones and/or smart credentials to access their units, providing enhanced security and convenience. By upgrading to the Schlage Control Mobile Enabled Smart Lock, you will save time and money, increase operational efficiency, and improve resident satisfaction. Contact us today to transform your property and your business with the Schlage Control Mobile Enabled Smart Lock! http://ms.spr.ly/6049czywW

Multifamily property owners, are you still using outdated locks on your multifamily property? Do you want to offer your residents a better and more convenient living experience? Do you know how much time, money, and hassle you are wasting on managing keys and manual programming – all the while not being able to take advantage of the time-saving benefits of the latest technology? It’s time to upgrade to the Schlage Control Mobile Enabled Smart Lock. 💡 This innovative lock eliminates the need for keys, wires, and at-the-door programming. 👍 Its open architecture allows you to choose the proptech provider that best suits your needs and preferences, ensuring freedom of choice now and in the future. ⏱️ Designed for multifamily properties, it lets you assign and change access rights remotely, without visiting the lock, which means your staff can spend more time on the things that generate business. 📱 This mobile enabled lock also allows your residents to use their smartphones and/or smart credentials to access their units, providing enhanced security and convenience. By upgrading to the Schlage Control Mobile Enabled Smart Lock, you will save time and money, increase operational efficiency, and improve resident satisfaction. Contact us today to transform your property and your business with the Schlage Control Mobile Enabled Smart Lock! http://ms.spr.ly/6045YDjmT