Based in Sacramento, Will Austin is the Director of Market Analytics at CoStar Group, providing market analytics coverage for the Sacramento, Reno and Central Valley regions in California. He analyzes market fundamentals for office, industrial, retai...
Based in Sacramento, Will Austin is the Director of Market Analytics at CoStar Group, providing market analytics coverage for the Sacramento, Reno and Central Valley regions in California. He analyzes market fundamentals for office, industrial, retail, and multifamily commercial real estate throughout Northern California to help clients formulate strategies, raise funds, and close deals. With a decade of commercial real estate experience from CBRE and Cushman & Wakefield, Will is a prominent real estate analyst in the region and regular contributor to CoStar News, as well as the Sacramento Business Review.
Fresno, California, has been a low-vacancy multifamily market for years and will likely continue to be so without a large amount of new apartment development. These conditions are ripe for apartment ...
Like hurricanes in the Southeast or tornados in the Midwest, wildfires have become an increasingly common risk in California. As the fallout from the recent Los Angeles wildfires continues, the ...
The Reno, Nevada, office market is unique in several ways. Traditional office inventory has been relatively insulated from the rising vacancy associated with hybrid work strategies, and the medical ...
After slight growth in November, Fresno apartment rents fell in December, mirroring usual leasing trends as tenants stay put during the holiday season. But as multifamily vacancy tightens in this ...
An end-of-the-year rally was not enough to realize real rent growth. Over the year, rents grew by 2.1%, according to the Daily Asking Rent Data Series, below the national inflation figure of 2.7%.
As 2024 came to a close, months of declining rents spelled real-dollar savings for Sacramento's multifamily renters, with inflation outpacing rent growth.
Reno is facing many questions about housing supply, in part because it has benefitted from an influx of people from western coastal states. The region’s low prices compared to Californian markets ...
After the largest monthly decrease in almost three years, Fresno apartment rents grew by 16 basis points, outperforming the corresponding month in 2023.
Although the United States Federal Reserve trimmed interest rates in 2024, it did little for property values in Fresno, California. But the region's relative lack of CMBS loans coming due in the next ...
The multifamily vacancy rate is 9%, more than 300 basis points above the 10-year average in Reno, Nevada. Ongoing construction completions have offset most of the strong demand totals posted ...
Multifamily rents in Sacramento, California, fell for the fourth consecutive month in November as sourcing renters becomes more difficult in the second half of the year. But those rents likely won't ...
Falling interest rates has not translated into increased sales of industrial property in the Reno/Sparks region in 2024. Lower property values, higher vacancy rates and a lack of rent growth all ...
After an up-and-down third quarter, apartment rents in Fresno, California, fell sharply to start the final months of 2024. But that dip could be short-lived as the region's housing supply runs short.
Thanks to a recent increase in property sales and leasing activity, growing optimism in the the Sacramento, California, office market could be giving rise to an improved outlook for landlords and ...