Apartment occupancy increases; millennials shun home buying in coastal markets; higher-incomes give Class-B apartment buildings a boost; 2016’s fastest growing cities; and more in this week’s roundup of multifamily news.
Rent concessions are making a comeback in some of the nation’s top apartment markets as new multifamily developments enter their lease-up phase. In slower markets, concessions are part of everyday life for property managers.
Married households and families are well-represented in small property apartments. Reflecting that skew to larger households, smaller properties account for a relatively smaller share of single renters when compared to large buildings.
Tech makes the ‘burbs cool again; rent growth soars in secondary markets; economic trends to watch in 2017; and more in this week’s multifamily news roundup.
Education is arguably the strongest predictor of present and future levels of American workers’ income. As a result, there is a correlation between education attainment and the size of a building a renter is likely to call home.
These large metros are growing the fastest; Fannie Mae reports on a rebounding economy; Fed votes to keep interest rates unchanged; private capital ramps up lending; and more in this weekly roundup of multifamily news items.
In this closer look at Millennial renters, we find they are well-represented in small, low-amenity properties.
