Top 10 most popular states Americans moved to

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Record new supply impacts apartment pricing  link

• Nearly 1 million new apartment units have been delivered since early 2023, marking the largest supply surge in over 50 years. This influx has put downward pressure on rents across all asset classes.

• Submarkets with less than 1% annual inventory growth saw Class A units command a 22% median rent premium, while those with over 10% growth had smaller premiums below 15%. Detroit’s Royal Oak/Oak Park submarket had a 66% Class A rent premium, the highest among low-supply areas.

• The largest rent gaps between Class B and Class C units were in Manhattan, with premiums ranging from 83% in Midtown West to over 108% in Midtown East. San Diego’s La Jolla/University City submarket had the highest Class B rent premium outside New York at 64.5%.

Fast Food, Convenience Stores Driving Retail Investment Surge link

• Retail investment is being driven by strong performance from fast-food chains and convenience stores, alongside rapid redevelopment of vacated spaces. Lower interest rates from the Federal Reserve are further stimulating borrowing and investor activity.

• Consumer spending hit a record high in August, boosting tenant demand for retail spaces and increasing competition for net-leased properties. National brands like Freddy's Frozen Custard and Steakburgers are leading this trend.

• Private investors are actively targeting sub-$10 million retail properties, signaling a shift in capital dynamics. Tight vacancy rates and favorable financing conditions are expected to sustain this momentum despite broader economic uncertainties.

Top 10 most popular states Americans moved to in 2024

• Arkansas topped the list of migration destinations due to its low cost of living, tax cuts, and lower crime rates. Northwest Arkansas, especially Bentonville, has seen significant growth driven by job opportunities and affordability.

• States like Tennessee, Washington, and Alaska, which have no state income tax, are increasingly attractive amid rising costs of living nationwide. Affordability, remote work, and job flexibility are key drivers for migration.

• Only 10% of people moved primarily for affordability, while 32% relocated for jobs and 25% to be closer to family. Other reasons included climate, health concerns, education, and retirement.

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

Secondary cities on the rise: link

• Secondary cities like Louisville, Savannah, and Oklahoma City are attracting meeting planners with lower costs, better availability, and more personalized service. These cities offer modern venues, boutique hotels, and unique cultural experiences at a fraction of the cost of major metropolitan areas.

• Accessibility is improving in secondary cities, with smaller airports, walkable downtowns, and streamlined ground transportation making travel easier for event attendees. Spokane, for example, combines historical charm with natural beauty, offering both convenience and outdoor activities.

• Authentic experiences in cities like Savannah's Southern cooking classes and Santa Fe's margarita trail are key attractions. These unique cultural touches create memorable events and set secondary cities apart from traditional urban hubs.

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

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Link to the listing

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Vidit

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