Qval Property Advisors

???? Gratitude, good food, and great company! We gathered as a team for a Thanksgiving lunch filled with delicious food and warm smiles. It's moments like these that remind us how much we have to be thankful for! Wishing you all a joyful and grateful Thanksgiving season! ??? #Thanksgiving #OfficeCelebration #Gratitude #Teamwork #ThankfulTogether

We had an amazing time this past Saturday at our Fall Festival at Smith Ranch! ???? The afternoon was filled with fall activities, great food, and fun for our awesome team & their families. A huge thank you to everyone who joined us and made the event a success! Looking forward to more moments like these with our Qval crew. #FallFestival #Community #Grateful

Kicking off the week by attending the "Getting to know NCREIF, Digging into 2Q Data, and Why Valuations Matter" Webinar by National Council of Real Estate Investment Fiduciaries (NCREIF) this afternoon! The addition of freshly popped movie theater popcorn & the company of our office pup Zin kept the energy high & conversations flowing! ?? ??

?? Pace of Student Housing Leasing is Slowing The student housing market is shifting as we approach the 2024 academic year. Yardi Matrix's July 2024 report shows that while preleasing matches last year's 85.2%, the pace has slowed. Preleasing varies widely: 10 schools are 99% preleased, while 27 haven't hit 70%, including large universities like Washington State and UC Berkeley. Rent growth has moderated to 5% in June, averaging 6.1% since October 2023. The University of Tennessee saw a 21.1% rent increase, while the University of Memphis experienced a 9.1% decrease. There have been many arguments that the problems with FAFSA applications is hurting enrollment, but that has yet to be proven.?Many of the universities we survey have already been experiencing declines in enrollment while other universities are experiencing record growth in enrollment.?Neither are linked to issues with the FAFSA application process. Despite these trends, student housing sales remain strong, nearly matching last year's $1 billion from 40 transactions.?With an anticipated rate cut this fall, lower interest rates may spur more transactions. #StudentHousing #RealEstate #MarketTrends #YardiMatrix #CRE

?? Exciting News! ?? We are thrilled to unveil our stunning new Houston-themed laser-printed mural, adding a unique and vibrant touch to our office space! A huge thank you to the amazing team at Texan Floor Service Inc. for their outstanding work and dedication! Your precision and expertise in bringing our vision to life have exceeded our expectations and made this mural a true masterpiece. #Houston #Mural #LaserPrint #OfficeDesign #ThankYou #TexanFloorService #Art #Community #ProudTexans

?? Congratulations Alicia Campos! ?? We are delighted to celebrate your remarkable achievement of graduating with an MBA from Texas A&M University! ?? Your dedication and hard work have truly paid off, and we are proud to have had you as part of our team. Wishing you all the best as you embark on this new chapter in your career on the Commercial Effectiveness team for US Electrophysiology at Abbott. Your future is incredibly bright, and we look forward to seeing all the amazing things you will accomplish in Austin, TX! #Congratulations #MBA #TexasAM #CareerSuccess #BrightFuture

?? This Fourth of July, as we celebrate independence and the vibrant spirit of our nation, we reflect on the foundational values that build and sustain our communities. At Qval, we're proud to contribute to this legacy by providing accurate and trustworthy real estate appraisals that help you make informed property decisions. Wishing everyone a safe and joyful Independence Day! #FourthOfJuly #RealEstate #PropertyValues #IndependenceDay

?? Where Property Prices Are Trending by Type The latest analysis from Trepp’s Property Price Index (TPPI) reveals nuanced trends in the CRE market, highlighting sector-specific movements between Q2 2022 and Q1 2024. Key insights: ?? Multifamily: Down 5.92% from Q2 2022 to Q1 2024, showing significant challenges despite a slight 0.51% increase quarter-over-quarter. ?? Office: Up 2.15% year-over-year, reflecting resilience due to market illiquidity and owner reluctance to sell at lower prices. ? Retail: Increased by 2.97% year-over-year, maintaining relative stability. Industrial: Down 0.98%, unable to sustain early pandemic hype despite heavy demand. ? Lodging: Up 1.68%, sensitive to consumer confidence and travel trends, showing the most significant year-over-year gain at 4.0%. Overall, the composite index saw a slight improvement of 0.51% quarter-over-quarter but remains 1.94% below its mid-2022 peak. Explore Erik Sherman’s detailed analysis to understand how these trends are shaping the future of the CRE market. #CommercialRealEstate #CRE #PropertyPrices #MarketTrends #RealEstateAnalysis #Multifamily #OfficeSpace #RetailRealEstate #IndustrialRealEstate #LodgingMarket

?? Industrial Real Estate's Focus Shifts to the Heartland At NAIOP's I.CON East, industrial real estate leaders highlighted a significant trend: the growing focus on the Midwest, or the "Silicon Heartland." Since the pandemic, roughly $27 billion has been invested in this region, reshaping the landscape of industrial real estate. Key takeaways: ?? Midwest Growth: Cities like Columbus, Chicago, Kansas City, and Indianapolis are becoming industrial hubs. ?? East Coast Rebound: Investment demand is returning after bottoming out last year, with imports rising significantly. ?? Big-Box Leasing: E-commerce giants are retooling strategies, spurring activity on the West Coast and potentially moving East. ?? AI Impact: AI is driving demand for data centers, turning them into the hottest asset class and creating a "massive gold rush." This shift presents both opportunities and challenges, particularly in energy and labor supply. Explore Kathryn Hamilton’s full article for an in-depth look at how these trends are changing the game in industrial real estate. #IndustrialRealEstate #MidwestGrowth #CRE #ECommerce #AI #DataCenters #MarketTrends #NAIOP #ICONEast

?? Available Bay Area Life Science Space Keeps Growing The Bay Area's life science sector is experiencing a surge in available space as new supply floods the market and key players like Amgen reduce their footprints. Amgen has recently put 100K SF up for sublease at the former ChemoCentryx headquarters in San Carlos, contributing to a vacancy rate that has reached over 20% in Q1 2024. Key highlights: ?? Amgen's sublease includes 96K SF at the Alexandria Center for Life Science. ?? The overall vacancy rate in the Bay Area reached 20.4%, with the San Francisco Peninsula submarket hitting 22.2%. ?? Gross leasing activity in Q1 2024 was 41% below the 10-year quarterly average. ?? Nine new projects, including Phase 3's 561K SF Genesis Marina project, added almost 1M SF to the market. ?? A total of 33 life science projects, encompassing nearly 7.4M SF, are currently under construction. The market dynamics are shifting, with more space becoming available as companies consolidate. Explore Jack Rogers' full analysis to understand the implications for the Bay Area's life science market. #LifeScience #RealEstate #BayArea #MarketTrends #Biotech #CommercialRealEstate #VacancyRates