Mapped: The Top 5 States Americans Are Moving To

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The 10 best midsized cities for older Americans link

• Northern New Jersey dominated the rankings, with five of the top 10 cities, including Cliffside Park, which scored 68 out of 100 for livability. Proximity to New York City and strong scores in transportation, health, and neighborhood categories contributed to high rankings.

• Affordability varied widely, with home prices ranging from $349,500 in West New York, NJ, to $1.56 million in Brookline, MA. Cliffside Park offered relative affordability with a median list price of $400,000, $25,000 below the national average.

• Boston-area towns like Brookline and Somerville received high scores for neighborhood and health factors but struggled with affordability. Brookline had the highest median price per square foot at $855, lowering its overall livability score to 65.

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

Quick Retail trends link

• Fitness chains, notably Planet Fitness and Orangetheory, led year-over-year visit increases in Q3 2024, surpassing other retail categories. This indicates a growing consumer focus on health and wellness.

• Dollar stores and grocery chains also experienced positive annual growth in foot traffic during the same period. This trend reflects consumers' continued demand for value-oriented shopping options.

Tech sector now leads U.S. office leasing link

• The tech industry now accounts for 18% of U.S. office leasing, surpassing finance & insurance (16.5%) and professional & business services (15.7%). This shift reflects significant investments in AI development and related technologies.

• AI-focused startups have leased 10.8 million square feet of office space since 2019, concentrating in top venture capital hubs like San Francisco, Silicon Valley, Boston, Los Angeles/Orange County, and Manhattan. This demand highlights the critical role of AI in tech's dominance.

• Despite hybrid work trends shrinking overall office footprints, the tech sector's cumulative leasing this year is the highest among all industries. Experts project AI's growth will boost job creation and sustain office leasing momentum.

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

Acquisition volume remains muted among net lease REITs link 

• Acquisition volumes for net lease REITs fell 45% year-over-year in Q3 2024 and 50% compared to the same quarter in 2022. This decline reflects ongoing volatility in capital costs and cautious investor sentiment.

• Despite a 13% gross asset value (GAV) premium in Q3, most REITs are holding back on acquisitions. The premium is skewed by just two of the seven publicly traded REITs, signaling uneven performance across the sector.

• Many net lease REITs expect transaction volumes to rebound in Q4 2024 and into 2025. This anticipated uptick reflects optimism for stabilizing costs and improved market conditions.

Sunbelt enjoys renewed rental demand as new construction starts to wane link

• Southern states like Texas, Florida, and North Carolina dominate the multifamily market due to strong job growth and population inflows. For instance, Texas saw a 3% increase in occupied multifamily stock in Dallas/Ft. Worth and Houston.

• Excluding lease-up properties, vacancy rates are much lower, such as in Dallas (8%) and Tampa (6.1%), indicating robust demand. Rent growth in the region is stabilizing after a pandemic-era spike.

• Florida cities like Orlando and Tampa lead in occupancy growth, with Orlando’s vacancy rate at 6% when new builds are excluded. North Carolina’s Charlotte also saw a 5.1% rise in occupied units, driven by tech and finance job growth.

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