10 markets with the highest returns on short-term rentals

In partnership with

New here? Join the newsletter (it's free).

Coworking Continues to Gain Traction link

• Coworking spaces grew 25% year-over-year to 7,814 locations, now totaling 140.1 million square feet nationwide. The average coworking space shrank in size, with a shift from downtowns to suburban areas.

• Office vacancy hit 27.8% in San Francisco, 27.4% in Austin, and 23.8% in Dallas, with national office vacancy holding at 19.7%. New office development dropped sharply in 2024 and is expected to be even lower in 2025, except in Houston.

• Manhattan led office sales with $1.8 billion at $450 per square foot, followed by Chicago, Bay Area, New Jersey, and Los Angeles. Many properties sold at losses, including 200 South Wacker in Chicago, which dropped from $214.5 million in 2013 to $68 million in January.

Double-digit office cap rates starting to plateau link

• 72% of Class B and C office properties had estimated cap rates above 10% in H2 2024, the highest level recorded so far. However, the rate of increase has slowed, signaling a potential stabilization.

• Capital is shifting toward higher quality office buildings with stronger tenant occupancy and better NOI outlooks. Lower-tier buildings continue to face pressure with weak demand and limited investment interest.

• CBRE’s Cap Rate Survey suggests the office market is beginning to find a new equilibrium. The wide spread in yields reflects ongoing bifurcation between Class A assets and lower-tier properties across 36 major U.S. markets.

These 10 Asian markets offer high returns on short-term rentals  link

• Hakuba, Japan leads with an average annual short-term rental revenue of $61,813 and a daily rate over $400. Other high-earning Japanese markets include Onna, Kyoto, and Tokyo, with occupancy rates ranging from 50% to 78%.

• Ko Samui in Thailand generates over $43,000 annually per unit with nearly 59% occupancy. Phuket also performs well with $28,381 in revenue and a daily rate of $223.

• Outside Japan and Thailand, Dubai sees average earnings of $27,798 with nearly 60% occupancy. Assagao in Goa, India rounds out the list at $26,696, driven by tourism and colonial-style villas.

• click on the link to see the rest of the list.

Strong in-migration fuels Columbia's multifamily market growth link

• Columbia is gaining 28 new residents per day, pushing net absorption to 511 units in Q4—its highest in three years. Much of this growth is driven by residents priced out of Charleston and Charlotte.

• Average asking rents rose to $1,304, with downtown Columbia topping out at $1,603 and Kershaw County at the low end with $902. Annual rent growth of 2.7% matched inflation.

• Despite a challenging investment environment, construction activity rose slightly, with 1,579 units underway and five new developments scheduled for 2025. Notable sales include 501 Pelham Dr. ($33.8M) and 4501 Bentley Dr. ($22.9M).

Banning property taxes in Florida gains traction among lawmakers link

• Florida Governor Ron DeSantis is pushing to eliminate property taxes statewide, calling them a form of "renting from the government." Lawmakers are considering placing a constitutional amendment on the 2026 ballot to make it happen.

• The move could drastically reduce local government funding for schools and social services, shifting more reliance to sales tax. Critics warn this could hurt residents, especially in cities like Orlando, where services are more complex and costly.

• Seniors are driving much of the opposition to rising property taxes, echoing anti-tax movements from the 1970s and 1980s. Other states like Wyoming, Kansas, and Montana are exploring similar measures, though North Dakota voters recently rejected one.

Gendo

Gendo is an AI-powered platform that helps architects and real estate developers streamline the design process by generating building concepts, floor plans, and feasibility studies using generative AI.

U.S. states by share of adults aged 65 or older

• Maine had the highest share of older adults in 2022 at 22.5%, followed by Florida and Vermont at 21.6%. Maine also had the highest median age at 44.8 years.

• Florida’s high senior population is tied to its tax benefits, warm weather, and retirement communities. These demographics are shaping demand for healthcare, housing, and local services.

• As of 2024, 22% of Americans aged 65+ are still working. New Jersey had the highest share of working seniors that year.

Top 10 counties with the largest annual increase in affordability

Fall 2026 student housing supply leaders ranked

Latest trends in medical spaces

How much will CRE investment increase this year?

Senior living industry outlook in 2025

Trends shaping the future of U.S. shopping- Retail Real Estate

Ranked: 2025’s Best Countries to Live and Work

Did not expect the inside to be that!

Link to the listing

That's all folks. If these emails aren't for you anymore, you can unsubscribe here.

Cheers,

Vidit

Instagram

P.S - Read past newsletters here