All Articles

California included four of the five most expensive metros in the nation for apartment rentals, across both small and large asset multifamily.

Small asset multifamily has displayed sound price fundamentals, with year-end 2017 average rent growth maintaining the upward trend of the previous year, according to the latest Census data. Small apartment buildings offer a unique blend of urban-core proximity and relatively larger apartment unit sizes.

When analyzing the top markets for rental growth in the context of market segment peers, smaller metros registered impressive gains in both small and large multifamily as a share of total rental inventory, according to the latest American Community Survey data.

Rental inventory growth for year-end 2017 showed a clear contrast between the largest and smallest U.S. metros, with the latter displaying a greater increase in small asset multifamily inventory.

There has been no shortage of topics to cover in 2018 as it relates to the multifamily market, and Chatter is proud to continue serving as your go-to source for industry news, research and insights.

The volume of new multifamily loans with original balances from $1M to $5M declined to an annualized rate of $47.0B in the first half of 2018. However, activity picked up in the third quarter, bringing the annualized rate up to $49.2B.

The U.S. metros have seen a shift toward large multifamily lending over the past year, with investors showing a preference for non-gateway markets offering higher-yield opportunities. This new annual report will identify the U.S. markets poised for growth in large multifamily lending activity, and will analyze the differences in origination volume across top markets.

Reversing the trend of consolidation from the previous year, occupied small asset multifamily inventory expanded in 2017, according to new data from the U.S. Census Bureau 2017 American Community Survey (ACS).

Los Angeles has been a standout market for small balance multifamily investment throughout the current economic cycle. Cap rates have remained below national trends and investor confidence in the sector remains strong. Despite higher risk appetites among borrowers, lenders remain cautious as loan-to-value ratios (LTVs) have moderated. Read our 2018 Los Angeles Small Balance Multifamily Investment Trends Report for more insights on the region’s multifamily market.

Here’s a quick look at Los Angeles’ multifamily benchmarks for the third quarter of 2018.   For more on the multifamily finance and investment opportunities in the L.A. market, view our recent webinar.