Lease

Renting alone? The 'singles tax' now exceeds $7,000

Retrieved on: 
Monday, February 12, 2024
Proxemics, City, StreetEasy, Housing, Lease

SEATTLE, Feb. 12, 2024 /PRNewswire/ -- Zillow's latest findings reveal a steep "singles tax" that could dampen the spirits of solo dwellers. Renters braving the one-bedroom market on their own are now paying a premium of $7,110 per year to live alone, an increase of more than $100 from last year's already staggering figure.

Key Points: 
  • Cohabitating renters collectively save $14,220 annually on average by living together, but that can be as much as $40,200 in New York City.
  • Zillow users can now list and search for individual rooms for rent, reducing housing expenses by finding a roommate to share costs.
  • SEATTLE, Feb. 12, 2024 /PRNewswire/ -- Zillow's latest findings reveal a steep "singles tax" that could dampen the spirits of solo dwellers.
  • Conversely, cities like San Francisco, San Jose, Boston and Washington, D.C. have seen modest reductions in their singles tax.

Zillow expands rental marketplace with room listings, offering more affordable and flexible options

Retrieved on: 
Thursday, February 8, 2024
Steps, Woman, Generation Z, Collection, Housing, Filter, Smoking, Face, Pet, HotPads, Pressure, Lease

SEATTLE, Feb. 8, 2024 /PRNewswire/ -- Zillow® today announced a significant addition to its rental offerings: the option to search for and list individual rooms for rent. This new listing type is particularly timely, as U.S. rents have surged nearly 30% since the pandemic, and a startling 50% of renters are now cost-burdened, spending 30% or more of their income on rent and utilities. Splitting costs with a roommate can help alleviate this financial burden.

Key Points: 
  • Renters using Zillow can now include "room" listings in their searches alongside traditional "entire place" options.
  • These listings, easily identifiable in Zillow search results, cater to those seeking shared living spaces in an increasingly expensive market.
  • "By introducing room listings, we're crafting a robust marketplace of options that truly reflects the varied needs of renters.
  • Steps for renters and property owners:
    Create a listing: Both renters and property owners can list a room for rent using Zillow Rental Manager .

Custodian Property Income REIT plc: Third quarter trading update shows rental growth supporting fully covered dividends

Retrieved on: 
Wednesday, February 7, 2024
Consensus, Starbucks, RCF, WAULT, History, EPC, International, Lloyds Bank, Castle Donington, Investment, Prospectus, David House, National Timber Group, LTV, Tenant, Aviva, NAV, ITM Power, ERV, International Financial Reporting Standards, Acquisition, Lloyds Banking Group, Pride Park, West Midlands Ambulance Service, EPRA, Movement, Lease

The difference reflected movements in the Company’s capital expenditure, lease incentives and acquisition costs during the Quarter.

Key Points: 
  • The difference reflected movements in the Company’s capital expenditure, lease incentives and acquisition costs during the Quarter.
  • This was in contrast to occupier demand which delivered rental growth and has further improved the reversionary potential in Custodian Property Income REIT’s portfolio, which is now greater than it was at the start of 2023.
  • Investor sentiment towards real estate appears to have been closely correlated with the expected trajectory of interest rates, as determined by inflation data.
  • The Board has approved an interim dividend per share of 1.375p for the Quarter, fully covered by EPRA earnings, payable on 29 February 2024.

Lubbock Energy Deregulation: Important Decision Deadline Approaching Quickly for Residents

Retrieved on: 
Tuesday, February 6, 2024
Freedom, Electricity, Lease

Residents who have not made a selection by the deadline will be automatically assigned to a default provider.

Key Points: 
  • Residents who have not made a selection by the deadline will be automatically assigned to a default provider.
  • While the automatic assignment ensures continued electricity supply to homes in Lubbock, the default month-to-month plans might not be the most advantageous for consumers.
  • For assistance in comparing providers and plans, Lubbock residents can contact BKV Energy.
  • With the deadline fast approaching, the time to act is now to avoid being placed into a potentially less desirable month-to-month plan.

Presidio Trust Commercial Leasing Ends 2023 with 97% Occupancy Rate

Retrieved on: 
Monday, February 5, 2024
Presidio, Golden Gate Bridge, SAN, Safety, Presidio of San Francisco, Calendar, Crissy Field, SF, Lease

SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%. The Presidio's total commercial portfolio is 91 buildings with 2.2M SF, with 174 tenants. Demand has been strong due to the attraction of its unique park-like setting, low density environment, and the financial model that gives back—tenants and their customers appreciate that the revenue from leasing operations supports the Presidio as a public national park site, keeping it open and free for all to enjoy.

Key Points: 
  • SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%.
  • The Presidio Trust welcomed a diverse slate of tenants in 2023, primarily in the office and educational sectors.
  • The Presidio Trust continues to increase its development pipeline, rehabilitating more commercial office space for new tenants and businesses in the coming year.
  • To view all leasing opportunities in the Presidio, click here .

Sale of Working Interests in Zarghun South and Nareli Block

Retrieved on: 
Thursday, February 1, 2024
Interest, Harnai, Balochistan, Pakistan, Concession, Government of Pakistan, Loralai, Sale, Mari Petroleum, Lease

Further, Jura anticipates significant near-term cash calls related to both the Zarghun South and Nareli assets for which funding is not readily available.

Key Points: 
  • Further, Jura anticipates significant near-term cash calls related to both the Zarghun South and Nareli assets for which funding is not readily available.
  • Spud has a 40% Working Interest in the Zarghun South Lease under the November 30, 1994 Bolan Petroleum Concession Agreement.
  • The impact of the Zarghun South Assignment on Jura will be as follows: the current production at Zarghun South is approximately 3 million cubic feet per day (1.2 MMcf/d net to Spud).
  • 3068-9 dated October 13, 2021 (the “Nareli License”) and the Nareli Petroleum Concession Agreement dated October 13, 2021 executed with the GoP (the “Nareli PCA”) as well as a joint operating agreement (the “Nareli JOA”, and together with the Nareli License and the Nareli PCA, the “Nareli Concession Documents”).

Rampant, Increasing Fraud Impacting Rental Housing Costs

Retrieved on: 
Friday, February 2, 2024
Professional Services, Labor, Immigration, Congressional News, Views, Communications, Public Policy, Government, Social Services, Environmental, Social and Governance (ESG), DEI (Diversity, Equity and Inclusion), Environment, Building Systems, Data Management, Technology, Urban Planning, REIT, Landscape, White House, Federal Government, Interior Design, State, Local, Other Construction & Property, Finance, Residential Building & Real Estate, Architecture, Other Policy Issues, Commercial Building & Real Estate, Banking, Social Media, Construction & Property, Growth, Identity theft, Failure, Fraud, Crime, Housing, NAA, Social media, Documentation, ID, Bank statement, NMHC, National Apartment Association, Eviction, Lease

Results from a groundbreaking new survey of rental housing providers have revealed staggering increases of fraud, contributing to both the growth in rents and number of evictions.

Key Points: 
  • Results from a groundbreaking new survey of rental housing providers have revealed staggering increases of fraud, contributing to both the growth in rents and number of evictions.
  • Driven in part by social media platforms such as TikTok and Instagram , the rise in false rental housing applications is exacerbating rental costs, fueling the housing affordability challenges facing communities across the country and undermining the credibility of eviction data.
  • This in turn leads to higher costs for rental housing providers and, ultimately, the renters they house.
  • “While most renters are honest, those who are not are causing the cost of rental housing to increase for everyone.

EQS-News: ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen

Retrieved on: 
Tuesday, January 30, 2024
Aircraft, Research, INK, Science, Science park, German Aerospace Center, ESPG, Innovation Center station, SME, Tenant, DLR, Lease

ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen

Key Points: 
  • ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen
    The issuer is solely responsible for the content of this announcement.
  • ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen
    Cologne, 24 January 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, has signed a lease agreement with the German Aerospace Center e.V.
  • DLR is renting an area of almost 2,500 square meters in the BLUECIRCLE Science Park in North Rhine-Westphalia.
  • With a science park portfolio in science clusters, ESPG has focused on particularly innovative tenants in future-oriented sectors.

Study: Rents Are Falling Across the Country. Is the Rental Crisis Coming to an End?

Retrieved on: 
Thursday, January 25, 2024
City, School, Business, University, Florida Atlantic University, Florida Gulf Coast University, BOCA, Lease

Fifty-two of the measured metropolitan areas saw a drop in rents month-over-month, building on a trend seen the month before, according to December 2023 numbers from the Waller, Weeks and Johnson Rental Index .

Key Points: 
  • Fifty-two of the measured metropolitan areas saw a drop in rents month-over-month, building on a trend seen the month before, according to December 2023 numbers from the Waller, Weeks and Johnson Rental Index .
  • Rents in Jacksonville dropped the most in the country at -.78 percent.
  • Rents in Palm Bay decreased .29 percent month-over-month, followed by Orlando at -.28 percent; Tampa at -.12 percent and Miami at -.11 percent.
  • “As we come out of the rental crisis, we will enter a prolonged affordability crisis that will only be solved by building even more units and having wages catch up with costs,” Waller said.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
Wednesday, January 24, 2024
ELFA, Environment, Equipment, Lease, Credit, DLL, Rare-earth element

WASHINGTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.5 billion, up 2% year-over-year from new business volume in December 2022.

Key Points: 
  • WASHINGTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.5 billion, up 2% year-over-year from new business volume in December 2022.
  • Receivables over 30 days were 2.3%, up from 2.0% the previous month and up from 1.8% in the same period in 2022.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in January is 48.6, an increase from the December index of 42.5.
  • I also anticipate a focus on retail finance programs from hard asset manufacturers, pulling inventory from their dealer channels.”