Commercial Investment Real Estate January/February 2019 | Page 9

New Luxury Rentals on the Rise
Out of 1,600 large-scale U.S. apartment buildings constructed in 2017, 79 percent — 1,270 units
— were classified as high-end properties, and by 1H2018, the percentage rose to 87 percent.
Leading Metro Areas
% of Properties Built as High-End
2018
St. Louis 100% 83%
Las Vegas 100% 88%
Dallas-Fort Worth 98% 100%
Houston 97% 100%
Baltimore 95% 83%
2017
Source: Rent Cafe/Yardi Matrix
What’s Coming Up in Retail Centers?
Retail experts identified five retail-center trends to watch at Bisnow’s Mixed-Use
and Retail event in Houston this past October.
n Specialty-focused retail destinations with
mixed-use centers revolving around one
theme, such as health or food
n Downsized grocery stores, resulting from
increased home grocery delivery from
warehouses
n Smaller-scale mixed use, thanks to the
rising cost and shrinking availability of
urban land
n Better understanding of Middle America’s
shopping patterns, rather than a focus on
high-end or trendy shopping habits
n Restrictions and rules on marijuana sales or
retailers, as more states legalize cannabis
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