Since the early 2000s, more people began favoring walkable urban environments over traditional suburbia. Surprisingly, this shift to urban living did not cause CBD rent growth to outpace the sleepier suburbs.
What drove Austin’s ascent—and who is poised to follow?
A common question in the real estate forecasting business is: what city will be the next Austin? Austin has had a growing prominence of professional services, but other cities deserve a close look.
We’ve updated our funding gap estimates in light of the dramatic run-up in yields since June. The funding gap for office has now increased to $82.9 billion, and a $21.7 billion funding gap emerged for multifamily properties.