Market Update

Market Update | Feb 14

Jon Granston | March 28, 2025

Filtering through this weeks headlines...

Top Headlines: Delivered by Granston Group | Leonard Steinberg

February 14, 2025

01 SENIOR-FLATION? By 2030, the U.S. population 80 years and older is expected to increase by more than 4 million people to 18.8 million. By 80, a growing number of people conclude that they can no longer live comfortably or safely at home and seek a senior facility. Development of senior housing nearly ground to a halt during the pandemic and hasn’t picked up much. More than 560,000 new units are needed to meet all the demand by 2030, but only 191,000 will be added at current development rates. Expect shortages in senior housing/assisted living - and higher costs as demand outstrips supply - and maybe lots of new inventory of senior’s current homes (needing renovation)?

(WSJ)

02 The future belongs to those who believe in the beauty of their dreams.

– Eleanor Roosevelt

03 Fake/Faux Fur is all the rage in fashion these days......and interiors. Lots is made from fibers that can take hundreds of years to biodegrade, so be on the alert: Now there are new versions made of plastic-free natural fibers that do not enter the land, air and waterways to negatively impact our health And they’re also being seen in home interiors. Savian blends advanced technology with a mixture of cellulose, hemp cellulose and linen

(FT)

04 Big Cities Take Up Fight Against Algorithm-Based Rents. Other Cities and States: Municipalities such as San Diego and San Jose are considering comparable ordinances. Additionally, state legislatures in New Hampshire, New York, Rhode Island, and Colorado are exploring measures to regulate or ban the use of algorithmic rent-setting tools.

(WSJ)

05 Upcoming: 15th Annual Taste of Cardiff. Looking ahead, the 15th Annual Taste of Cardiff is scheduled for May 1, 2025. This event will showcase the culinary talents of local restaurants and feature live music throughout downtown Cardiff and Restaurant Row. Attendees can look forward to sampling a variety of dishes and beverages from participating establishments.

(Cardiff 101 Main Street)

06 San Diego Magazine highlights 30 restaurants offering special Valentine’s Day menus, including establishments in La Jolla and Del Mar. For instance, Adelaide at L’Auberge Del Mar is offering a four-course prix fixe dinner with Pacific Ocean views, and Brickman’s Restaurant & Bar in San Marcos is serving a three-course menu complemented by scenic lakeside views.

(San Diego magazine)