Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.
Apartment communities are seeing a boost in high income-earning resident applicants.
A growing number of wealthier new renters come from the millennial generation, who are driving the burgeoning lifestyle-renting market. At the same time, many would-be buyers are bowing out of the residential real estate market, trends are showing, according to RentCafe.
Investors can’t take their eyes off of the Western and Southeast U.S. apartment markets.
Multifamily investment activity has roared back after “a couple of weak quarters” during the pandemic, said Richard Barkham, global chief economist and head of Americas research at CBRE said at the recent GlobeSt.com Multifamily conference.
The fourth quarter typically is a month for apartment rents to fall, or at least cool a bit. Not this year. The multifamily housing industry continues to defy trends, and also continues to march higher, according to recent data from RealPage.
Both multifamily building permits and starts were up in October, following a trend of upward momentum seen since the end of the Great Recession, RealPage reported.
U.S. occupancy for market-rate apartments is at an all-time high of 97.3%, according to RealPage, Inc. data for September.
Multifamily investors are bullish on long-term rent growth for the next 18 to 24 months, according to experts at the GlobeSt.com Multifamily conference.
Nine months into 2021, multifamily has already established a new high in annual absorption, surprisingly led by large coastal metros, according to Yardi Matrix data.
Given Orlando’s strong recovery story, along with NKF’s excellent marketing abilities, we were able to maximize value for our investors, outperforming our original 10-year exit projections by more than 30% in only four years
The Global Financial Crisis created a nation with many more renters. In the years after the Great Recession, many Americans chose to rent. In 2010, 99.4 million people were renters, according to RENTCafé. By 2019, that number passed 100 million to hit 108.5 million....
Bloomberg, New York Times and other expert sources have calculated a guess as to which city will be named Amazon’s second headquarters. Current contenders include Washington D.C., Austin, TX, Boston, MA and Atlanta, GA. USA Today has stated that they expect another...