1、National rent growth had peaked and cooling down to 7.2% in 2022, after a 18% spiked in 2021 per Apt List. National vacancy rate at 5.1%, both numbers are still beating the Pre Covid numbers.
2、Investors bought up 28% of all SFH sold in Q1, out of state investors accounted for 2.1% of all home sold per CoreLogic, both big increased vs 2019.
3、Public pension fund allocation to CRE increased to $6T WW, 2X the allocation just 10 years ago, but still facing $1T in shortfall vs obligation, so very likely the allocation to CRE will increase again per Equable Institute.
4、ushman Wakefield latest prediction of 14% and 12% price drop for industrial and apt, -1.8% for retails, and -12% for office for 2023. But CBRE and Apt List are more optimistic, believe the worst is already behind us.
5、Bastrop county by Austin is getting $43M SpaceX facility.
Another Musk company Neuralink is expending with 37 acres lab in Travis County.
TSLA is building a new EV battery plant in central coast of TX.
6、Intel is breaking ground on $20B chip plant in Licking county OH
WolfSpeed is investing $5B for a chip plant in NC.
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