Market Insights: Perspectives

When Roers Companies learned the city of Burnsville had not seen a new apartment development since 2006, they knew the demand for their 137-unit apartment complex — Maven — would draw incredible interest from local residents. The adjacency to transit coupled with pent-up demand from a lack of development in the primary market area yielded a recipe for success. Situated near major highways, the ...

Located just outside of St. Paul, Minnesota, Woodbury proved to be a stellar location for the 255-unit community, Beyond Apartments. Roers Companies’ development team sought out this location for many reasons, one of which was the city’s growth and focus on new developments. Roers Cos. was able to capitalize on this momentum and growth. This two-building (four- and five-story) property is situated...

2.5M population increase By the year 2030  Florida’s population is expected to grow by 2.5 million Of the entire United States, Florida is one of the fastest-growing states with a consistent population growth rate of at least 1.5% each year. Last year, according to the U.S. Census Bureau, Florida saw the biggest increase of any state with a 1.9% rise in population. Such aggressive growth sets th...

Between 2020 and 2022 monthly asking rents increased by 15 percent marking the fastest spike in rents in nearly a century. This statistic coupled with ever-rising home prices have pushed some casual observers into a state of fear regarding an impending crisis. Between these factors and tightening credit, steeply rising interest rates, and distress within the commercial sector at large, many are ma...

Lately, business media outlets have sounded alarm bells regarding the commercial real estate sector, peppering in dramatic terms like “tsunami” and “crash” to illustrate what they’re forecasting as an impending crisis in the market. We’ve been closely monitoring these articles, and we share the consensus that several formidable economic factors are converging within the commercial real estate a...